(Oslo/Houston, September 2nd 2020) Magseis Fairfield has received a conditional
Letter of Award (LOA) from an undisclosed multiclient company for a four-month
Ocean Bottom Node (OBN) survey in the Gulf of Mexico. The survey is anticipated
to start in the beginning of April 2021, and further extends the backlog for
Magseis Fairfield’s ZXPLR crew on  the REM Saltire.
 
“Our ZXPLR crew in the Gulf of Mexico has been working continuously since first
deploying the ZXPLR node technology in Q4 2017 and we are glad to see a repeat
customer now adding further to our backlog for 2021,” says CEO Carel Hooijkaas
in Magseis Fairfield.

The LOA is subject to certain conditions, including that the client obtains the
required survey permits, management approvals and sufficient pre-funding.

For further information, please contact:
Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: carel.hooijkaas@magseisfairfield.com

Mark Ivin, CFO 
Tel: +47 948 88 606 
Email: mark.ivin@magseisfairfield.com 

---

Magseis Fairfield is the global leading provider of ocean bottom seismic (OBS)
technology and data acquisition projects. The company has a flexible business
model with full scale node operations, as well as lease and sale models. The
Marine Autonomous Seismic System "MASS" nodes and the range of Z-nodes combined
with handling systems and source technology enables market leading deployment
speed and highly cost-efficient acquisition of data with exceptional quality. 

The Company is headquartered in Oslo, Norway and has offices in US, Sweden, UK,
Brazil and Singapore. This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act.