• Careers
  • Fugro Global
  • Global

Fugro announces indirect interest in Australian oil discovery through its multi-client activities

In a news release dated 18 August 2014, Apache Corporation (NYSE, Nasdaq: APA) announced an oil discovery at the Phoenix South-1 exploration well in Australia.

20 Aug 2014  
Leidschendam, the Netherlands

Finder Exploration Pty Ltd is a 20% equity interest holder in the WA-435-P exploration permit. Fugro, through an alliance with Finder, has an indirect interest in the discovery announced by Apache via a 50% profit sharing agreement with Finder.

As part of this alliance Fugro provide Perth based Finder with support for selected Finder exploration activities as part of building up Fugro’s Australian multi-client library activities. In return, Fugro receives a profit share in the projects in which it participates with Finder.

Evaluation of the Phoenix South-1 discovery will require further drilling and therefore take some time.  As more information comes to light, Fugro will assess its position. It should be noted that Fugro, through its profit sharing agreement with Finder, has exposure to the same exploration area as announced by Apache (refer to www.apachecorp.com).

For more information


Serge van de Ven

+31 (0) 70 31 11129


Catrien van Buttingha Wichers

+31 (0) 70 31 15335


Share this page

Learn about Fugro

Case studies

Explore our global expertise in this collection of real-world projects where we illustrate solutions for clients across many industry sectors.

More Information

Fugro World

Regular articles from our people that provide insight and thought leadership into industry challenges, technologies and projects.

More Information

News releases

Catch up on the latest news and project awards to get an insight into our diverse range of services and the sectors we operate in.

More Information

Keep up to date with the latest news and stories from Fugro, direct to your inbox