(Oslo, 21 January 2022) Reference is made to the announcement made on the 6th of
January 2022, where Magseis Fairfield announced the conditional award of an
Ocean Bottom Node (OBN) survey for a repeat customer. We are pleased to announce
that this conditional award has been converted into a signed contract. The
survey is located in the North Sea and will be acquired by our Z700 crew, with
expected start-up late Q2. 

"We are pleased to have been awarded this project.  The project will start after
the crew returns from the ongoing operation in Asia." says Carel Hooijkaas, CEO
in Magseis Fairfield.


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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