Magseis ASA Awarded Landmark Contract for Sale of 17,000 Ocean Bottom Seismic Nodes
Monday 8 October 2018
Magseis ASA announced a Letter of Intent with BGP Offshore, China National Petroleum Corporation for the sale of 17,000 MASS I ocean bottom seismic nodes and four MASS Modular handling systems. The seismic equipment will be delivered in several batches beginning in Q1 2019 through Q3 2019.
The LOI is conditional to obtaining necessary export licenses and signed Sales Agreement between Magseis and BGP Offshore appointed company.
Magseis maintain its revenue guidance for 2018 of USD 100 million and issue its revenue guidance range for 2019 of USD 190 to 210 million.