'Large' OBN Survey for Magseis Fairfield in Asia

OE Staff
Friday, August 13, 2021

Oslo-listed ocean bottom node seismic data acquisition firm Magseis Fairfield has said it has secured a large OBN survey in Asia for an undisclosed customer. 

The survey will take about five months to complete and will begin in the fourth quarter of 2021. The Z700 node technology will be used for the project. Magseis Fairfield did not share details on the value of the contract.

Magseis Fairfield CEO Carel Hooijkaas: "With this significant contract award, we have expanded our presence beyond our core areas of the North Sea and the Gulf of Mexico into Asia, where we expect to see more OBN surveys in the years to come. 

"The revenue generation from this project will reflect that it requires our full Z700 inventory and two node handling vessels and will therefore be equivalent to ten single node handling vessel acquisition months. As the project will be executed during the winter months in the fourth quarter 2021 and the first quarter 2022, we maintain our Z700 crew availability for the 2022 North Sea season," he said.

According to info on Magseis Fairfield's website, Z700 nodes are used for shallow water surveys, and require a minimum two-vessel configuration — one for node management plus one source vessel.

Categories: Geoscience Asia Seismic

Related Stories

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

CNOOC Finds Oil and Gas in South China Sea

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Current News

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com