(Oslo, 4 January 2022) Magseis Fairfield is pleased to announce that Fons ten
Kroode will assume the position as Chief Geophysicist effective 1 February 2022,
based in the company's headquarter at Lysaker. Prior to joining Magseis
Fairfield, Fons spent 30 years at Shell.

"I am pleased to welcome Fons to the management team. He brings a wealth of
geophysical and management business experience. His primary role will be to
advance the company's geophysical offering and the new solutions we will offer
to our customers through the Echova platform. As such, this role supports us in
extending our leadership in the OBN market." says Carel Hooijkaas, CEO in
Magseis Fairfield.

During his tenure with Shell, Fons held several senior level positions, most
recently as manager acquisition and signal processing R&D and Head of the
Shell-PDO Geophysical Strategic Alliance. Starting as a borehole geophysicist in
1991, he continued to work in the General Research department as a mathematical
geophysicist on Full Waveform Inversion through the mid-nineties. Following
this, he held positions as team lead signal processing R&D and manager of
Shell's global seismic imaging R&D program. He holds a PhD in Mathematics and
MSc in Theoretical Physics from the University of Amsterdam, where he was
Assistant Professor of Mathematics before joining Shell.   
	
For further information, please contact:

André Bjørvik, SVP Corporate Communication 
Tel: +47 907 42 746 
Email: andre.bjorvik@magseisfairfield.com 

Carel Hooijkaas, CEO
Tel: +47 480 49 277
Email: carel.hooijkaas@magseisfairfield.com

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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. 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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