Magseis Enters Node Lease Contract in NE Asia

Norwegian seabed seismic services player Magseis has signed a Letter of Intent (LoI) for a lease contract of its proprietary MASS nodes.

Magseis will mobilize a fully containerized handling system (MASS Modular) and field technicians for the project in North East Asia, the company informed.

The duration of the contract is estimated to approximately three months and it will start during Q2, Magseis noted.

Per-Christian Grytnes, CEO said: “We are delighted with entering into our first large lease agreement. It is a major first step in adding further flexibility to our business model. The MASS node is highly competitive and we are further broadening deployment capabilities to enable more projects with low OPEX and attractive economics.”

Share this article

Follow Subsea World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

9th International Conference Offshore Foundations

Offshore Foundations is a technical event for experts in the wind industry. The goal is to push forward technical development for future foundation concepts.

read more >

OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >

OGA 2019

Malaysia’s Oil, Gas and Energy (OGE) industry has been contributing about one-fifth to the national GDP…

read more >

Brasil Offshore 2019

The commemorative 20th anniversary edition of Brasil Offshore will be held under the auspices…

read more >