Magseis ASA introduced a Letter of Intent (LOI) with BGP Offshore, China National Petroleum Corporation (CNPC) for the sale of 17,000 MASS I ocean backside seismic nodes and 4 MASS Modular dealing with techniques. The seismic gear can be delivered in a number of batches starting in Q1 2019 by way of Q3 2019. The LOI is conditional to acquiring mandatory export licenses and signed Sales Agreement between Magseis and BGP Offshore appointed firm. Per Christian Grytnes, CEO feedback: “We are delighted to be chosen because the seismic node expertise supplier to BGP Offshore. The choice is one more affirmation of the attractiveness of the Magseis expertise and demonstrates the competitiveness of Magseis nodes in a variety of seismic markets together with shallow water/transition zones. The Sales Agreement for the MASS I ocean backside seismic nodes add additional flexibility and diversification to the Magseis enterprise mannequin which incorporates full scale operations of seismic node surveys, lease of nodes and sale of nodes. Magseis continues its program to construct node capability for expanded operations in 2019 and 2020.”
Magseis based mostly in Lysaker, Norway, is a geophysical firm based in 2009 specialising in OBS – Ocean Bottom Seismic Acquisition. (Source and picture: Magseis/MASS cable)

The publish CHINA’S BGP BUYS 17,000 MAGSEIS MASS I OCEAN BOTTOM SEISMIC NODES appeared first on Energy Global News.

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