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Magseis ASA awarded contract with ConocoPhilips

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Oilfield Technology,

Magseis ASA has been awarded contract with ConocoPhilips in the North Sea.

Magseis has been awarded a contract from ConocoPhilips for a full azimuth 4D seabed seismic acquisition survey in the North Sea using the company’s MASS system. Magseis will mobilise a second, ROV-based crew for the project. The duration of the contract is estimated at approximately three months inclusive of mobilisation to the prospect and will commence during Q2 2017.

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

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