Magseis, BGP Get Red Sea Contract Extension

Magseis, a Norwegian geophysical company, has, together with its partner BGP, secured an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic (OBS) data in the Red Sea.

The project has an expected duration of 6-7 months and is expected to start during April 2017.

M/V Artemis Athene, Magseis’ OBS vessel, will be used for the survey.

Magseis CEO, Idar Horstad, said: “We are very pleased to receive this new award that demonstrates our ability to deliver large and complex projects. We view this as a sign of confidence from our end-client Saudi Aramco and a confirmation of the high-quality product that our joint operation delivers.”

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