Lysaker, Norway, 29 December 2014
With reference to the stock exchange notice sent on 11 December 2014 Magseis is pleased to announce that a final contract has been entered into with Chevron North Sea Ltd for seabed seismic acquisition in the UK sector of the North Sea using the company’s proprietary MASS system and the Artemis Athene. The work is expected to start towards the end of the first quarter of 2015 and has an expected duration of more than 100 days.
Following the completion of the South Arne project for Hess Denmark the Artemis Athene has successfully conducted an upgrade of the back deck handling equipment. The crew has now started on an industry supported multi-client project in the Barents Sea that is estimated to last until mid-January. After this Athene is expected to conduct one or more pilots for new clients prior to completing the upgrade to 4,500 sensor units and commencement of the Chevron project.
This information is subject of the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act
For further information, please contact:
Ivar Gimse, CEO
Tel: +47 91 83 92 69
Mikkel Ektvedt, CFO
Tel: +47 91 84 84 88