Regulatory Filings • Apr 30, 2020
Regulatory Filings
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Axxis Geo Solutions completes OBN survey in the Middle East
Lysaker, 30 April 2020
Axxis Geo Solutions ASA (OSE: AGS) is pleased to announce the completion of both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East.
The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q2. Since the start of the year the crew has safely operated for more than 350,000 man hours.
“This contract marks another milestone for AGS entering a new country and performing a difficult project with all the normal complexities, plus COVID-19 issues,” said Lee Parker, AGS CEO.
“Despite the current downturn in the industry, AGS continues to be awarded work by utilizing its asset-light operational model coupled with best-in-class operational excellence”, adds Parker.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Lee Parker, CEO
+1 832 275 7258
Svein Knudsen, CCO
+47 906 94 170
Nils Haugestad, CFO
+47 977 04 439
About AGS
Axxis Geo Solutions (AGS) is a pure-play ocean-bottom node seismic company uniquely positioned to pursue both contract and multi-client seismic surveys. AGS specializes in delivering tailored seismic solutions and flexible project management and execution to oil and gas companies worldwide. Its operations are based on a scalable asset-light setup through chartering of vessels and nodes to complete seismic surveys. AGS is listed on Oslo Axess and traded under the ticker AGS.
More information on www.axxisgeo.com
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