Axxis Geo Solutions (AGS) has signed a letter of intent (LOI) with a “major international oil company” to start an ocean bottom node (OBN) survey in the North Sea.
Subject to fulfillment of certain conditions, the work is expected to start in the second quarter of 2020, AGS said in an Oslo Bors filing on Monday.
The scope of work will include acquisition of 67 km2 of receiver area, comprising of approximately 30 days of operation for an OBN crew consisting of two seismic vessels.
Lee Parker, CEO of AGS, said: “This LOI confirms AGS’ ability to continue to be awarded work by utilizing its unique asset-light operational model coupled with best in class operational excellence demonstrated in recent campaigns by our dedicated crew personnel.”
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