Thursday 15 September 2022

With reference to the announcement made 30 June 2020, Magseis are pleased to announce that the project scope has been increased. The project was originally scheduled to commence in Q2 2021, but was deferred at the request of our client.

The project is now scheduled to start in Q2 2023, with an expected duration of approximately 3 months, using the Z700 technology.

“We are pleased that we have, in good collaboration with one of our key clients, concluded on an increased project scope with updated terms and conditions to reflect the current market conditions” says Carel Hooijkaas, CEO in Magseis Fairfield.

This information is considered to include inside information pursuant to article 7 of the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by André Bjørvik, SVP Corporate Communication, at the date and time as set out above.