Fugro News

Fugro acquires C & M Storage

Schulenburg, TX, USA, 02 Jul 2004

Fugro announces the purchase of the business of C & M Storage.

Fugro Robertson Inc, part of Fugroís Geoscience division, successfully concluded the purchase of the assets and business of C & M Storage, based in Schulenburg, Texas, a data management company storing well data samples and data for more than 60 oil and gas company clients in the Houston area. The company generates turnover of approximately US$2 million per annum. The company will be integrated into Fugro Robertson Inc, but continue to trade as Fugro C&M Storage. The acquisition forms part of the expansion of the Fugro Robertson Data Solutions business line in the United States. All current key employees have agreed to continue their employment.

The assets include more than 250,000 sq ft of custom storage facilities coupled with specialized sample handling and preparation activities. Fugro Robertson Inc will be expanding the scope and number of activities offered through the business by building on Fugro Robertsonís European service lines. These include areas such as data conditioning, electronic data distribution, provision of bespoke web portals and associated services. Delivering accurate and reliable data to Fugroís Oil and Gas clients is paramount to increasing Oil & Gas companiesí returns on their Exploration and Production assets.

Simon KendallFugro Robertson Ltd+44 1492 581 811
Mark WeberFugro Robertson Inc+1 713 369 6100

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Source : Fugro Robertson Inc
Type : News
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Fugro Robertson Ltd.
Llandudno, North Wales