Magseis Fairfield has been awarded a large ocean bottom node survey in Asia for an undisclosed customer.
Magseis Fairfield has been awarded a large ocean bottom node survey in Asia for an undisclosed customer. The five-month project is scheduled to commence in the fourth quarter of 2021 and will be performed using Z700 node technology.
‘With this significant contract award, we have expanded our presence beyond our core areas of the North Sea and the Gulf of Mexico into Asia, where we expect to see more OBN surveys in the years to come,’ said CEO Carel Hooijkaas. ‘The revenue generation from this project will reflect that it requires our full Z700 inventory and two node handling vessels and will therefore be equivalent to ten single node handling vessel acquisition months. As the project will be executed during the winter months in the fourth quarter 2021 and the first quarter 2022, we maintain our Z700 crew availability for the 2022 North Sea season.’
