Magseis ASA has announced that it has entered into a service agreement for an operation with its proprietary MASS nodes and MASS modular handling system including seismic data QC and navigation support for a project in North Europe.
The contract will commence imminently and last for approximately 3 months.
Magseis CEO Per Christian Grytnes comment:" With this award, Magseis will expand into 3 parallel full-scale operations; a cable node system operation, a ROV node system operation and a MASS modular node and handling system supporting a nodes-on-rope deployment. The operations clearly demonstrate the flexibility of our modular ocean bottom node (OBN) seismic technology and adaptions into new markets."
This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16072018/magseis-asa-awarded-contract-in-north-europe/