Corporate Press Release

Fugro wins seismic contracts in Far East

Leidschendam, the Netherlands, 06 Nov 2007

Fugro has been awarded two contracts for 3D marine seismic surveys in Australia and Indonesia and received a letter of intent for another seismic contract in Indonesia. The total contract value is USD 68.5 million (almost EUR 50 million).

Fugro has been awarded a 1,700 square kilometres 3D seismic survey for ConocoPhilips in Australia. Fugro's seismic vessel 'Geo Atlantic' will undertake the two month project offshore North Western Australia commencing late November 2007.

In addition, a further letter of award was agreed upon with ConocoPhilips, and a letter of intent was received from StatoilHydro, each for a 3D seismic survey in Indonesia. These contracts cover two neighbouring blocks with a total area of 3,500 square kilometres. The vessel 'Geo Atlantic' will take on the work after the Australian survey. All the surveys will be undertaken with a 10 streamer spread.

More information
Source : K.S. Wester, President and CEO
Type : Corporate Press Release
E-mail : 
Fugro N.V.