Magseis scoops seismic survey deal in Saudi Arabia

Business & Finance
Artemis Athene
Artemis Athene

Magseis, a Norwegian seismic survey company, has been awarded Saudi Aramco’s S78 project for large-scale ocean bottom seismic acquisition in the Red Sea.

Magseis won the contract together with its partner BGP.

The project has an expected duration of 9 months + 1 year and is expected to start during July 2016.

According to the seismic company, the survey features complicated surface and geological conditions with a combination of deep and shallow marine work.

Magseis did not provide further details about the contract, but only added that a DP 2 class vessel Artemis Athene, Magseis’ OBS vessel, will be used for the survey.