Magseis AS has agreed a frame agreement to provide global ocean bottom seismic (OBS) acquisition services for Statoil ASA from 2014–2018.
The frame agreement regulates the work that has been awarded for the 2014 and 2015 seasons, as well as for future tenders during the term of the agreement.
Under the agreement, Magseis has been awarded 4D OBS work on the Oseberg and Gullfaks fields, during 2014, and the Kvitebjørn field, during 2015.
The expected duration of the work is about days, depending on weather and interference.
“This is a break-through for Magseis and our technology, and we are very pleased to have been selected as one of Statoil’s OBS service providers under a multi-year agreement," says Magseis CEO Ivar Gimse.
"This establishes Magseis as a leading provider of the next generation of OBS services, and with the expected duration of the current Albatross/Snøhvit project, we expect that our first vessel Artemis Athene will be occupied with Statoil for the majority of 2014."
Magseis is a growing Norwegian geophysical company, which has developed new technology for OBS acquisition. The company’s proprietary Marine Autonomous Seismic System (MASS) has been developed with the purpose of improving the efficiency of OBS operations.
The company is headquartered in Oslo, Norway and has offices in Bergen, Norway and Stockholm, Sweden.