Company Updates

Magseis Fairfield Awarded Multiyear OBN Contract on the NCS

Magseis Fairfield has been awarded a contract for the provision of Reservoir Monitoring Source Services related to Permanent Reservoir Monitoring (PRM) and 4D OBN monitor surveys, by ConocoPhillips Skandinavia AS on the Norwegian continental shelf.

In addition, Magseis Fairfield has been awarded a further contract by ConocoPhillips Skandinavia AS or the provision of OBN services. Both contracts have a nominal five (5) year duration, with options to extend for further durations of up to five (5) years.
The initial surveys are anticipated to start in the second quarter of 2021. 

“These contracts ensure continuity of our Reservoir Monitoring and Source
business segment combined with annual or bi-annual 4D OBN surveys. We are very
pleased to provide these services on the back of these long-term contract
awards”, says CEO Carel Hooijkaas.

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