In addition, Magseis Fairfield has been awarded a further contract by ConocoPhillips Skandinavia AS or the provision of OBN services. Both contracts have a nominal five (5) year duration, with options to extend for further durations of up to five (5) years. The initial surveys are anticipated to start in the second quarter of 2021.
“These contracts ensure continuity of our Reservoir Monitoring and Source business segment combined with annual or bi-annual 4D OBN surveys. We are very pleased to provide these services on the back of these long-term contract awards”, says CEO Carel Hooijkaas.
