Magseis nets first MASS nodes lease agreement
- Business & Finance
Magseis, a Norwegian geophysical company, has been awarded a smaller contract for the lease of its proprietary MASS nodes for a project in South East Asia.
Magseis said on Wednesday that it would mobilize a light handling system and field technicians for the project.
According to the company, the contract will begin during the first quarter of the year.
Per-Christian Grytnes, CEO of Magseis, said: “We are delighted with entering into our first 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.”
MASS consists of ultra-compact 4C sensor capsules, fully automated handling systems and data download.
Magseis’ sensor weighs just over 8 kilograms and has a recording time of 65 days and with its latest edition, the MASS III node has recording time of up 150 days.