Magseis Fairfield Gets LoI for Node Crew Lease

Magseis Fairfield has signed a Letter of Intent (LoI) for the lease of a Z700 node crew in the Caspian Sea.

The Z700 node crew includes nodes, auxiliary equipment and service personnel for a six-month period in the Caspian Sea.

The contract will start in the first quarter 2020 when the nodes have been released from an ongoing survey.

“Magseis Fairfield is proud to be the preferred technology provider for yet another ocean bottom seismic (OBS) survey. This demonstrates the company’s strong position in the global OBS market and our flexible business model with sales, leases and node operations,” said Per Christian Grytnes, Magseis Fairfield CEO.