This is Magseis OSLO - BERGEN - STOCKHOLM OCEAN BOTTOM SEISMIC (OBS) PRODUCT DEVELOPMENT SINGAPORE - BRAZIL & MANUFACTURING Industry leading ocean bottom Ticker MSEIS seismic company Start of operations Oct 2013 Shares…
KEY FIGURES Q2 2015 MILLION 22.3 16.6 3.8 REVENUE EBITDA 16.6 MILLION MILLION 5.7 3.8 (0.4) (4.2) 1.6 11.8 NET INCOME CASH BALANCE REV. EBITDA REV. EBITDA REV. EBITDA Q1 2015 Q2 2015 YTD 2015 MILLION…
Seismic acquisition deep marine Depth range 15-3000m Cable deployment Node deployment
Product Development: Growing portfolio of sensors MASS I MASS II MASS III Generation 2 Deployed with cable Deployed with ROV Deployed with ROV 45 days battery lifetime 75 days battery lifetime 110 day battery lifetime In…
Product Development: Handling & Software systems
Marine Autonomous Seismic System (MASS)
A very successful first two years of operation 8 surveys successfully completed for Statoil, Talisman, Hess , Lundin, Saudi Aramco/BGP and Chevron Barents Sea North Excellent data quality Sea Unparalleled deployment accuracy…
Current back-log and leads Industry funded Multi-Client projects in the Barents Sea for remainder of season Ongoing tenders in North Sea, Middle East and SE Asia for 2016 Further opportunities in Middle East, West Africa and SE…
Market prospects 2016 150 km 800 Average 800 km km 300 survey sizes km 300 increasing 500 km YOY km 300 USD 200 million 100 Water 1000m 2000m Depth 3000m Note: Based on prospects identified by Magseis…
OBS seismic improves data quality significantly Streamer data 2006 OBS data 2009 Streamer OBS OBS data provides improved imaging from Data example from the Albatross field full azimuthal illumination Illustrates value of S-waves…
High value in producing fields The Gullfaks field, Norwegian North Sea GIMLE GULLFAKS C GULLFAKS B GULLFAKS SPM 1 OLS 1 GULLFAKS GULLFAKS A OLS 2 GULLFAKS SPM 2 SOUTH GULLFAKS Source: Magseis
Full-service provider in rapidly growing market OBS market growth 2005 2015E Cost-efficient acquisition from 0-3000m Water Depth in metres Competing 823 cable systems 0 750 608 613 250 602 577 MASS 500 cable…
Current operation - multiple patch deployment 2014 2015 Cable length 75km 150km 100K Source: Magseis per. km 14
Future operation Large spreads, rolling operations 2014 2015 2016 2017 Cable length 75km 150km 300km 600km Source: Magseis 100K per.km 20K per. km 15
Will enable OBS to compete with high-end streamer Price comparison of seismic acquisition categories given typical survey size (USDk/km2) Target price reduction through larger crews and efficient systems Key competing…
OBS representing next technological step change in seismic industry OBS the next leap OBS High end 3D Data quality 3D streamer 2D streamer Ocean bottom cables Ocean bottom nodes Wide azimuth/ full azimuth Magseis -…
Delivering next generation seismic acquisition system Q &A Magseis ASA
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