Fugro Secures ROV Support Vessel Contracts in Brazil

In partnership with vessel owners Greatship and Farstad, Fugro Brazil has been awarded 3 long-term contracts for ROV Support Vessels by Petrobras. The value of the tripartite contracts for Fugro is approximately USD 140 million and will involve ROV services and positioning. Greatship will be providing the vessels Greatship Rohini and Greatship Ramya and Farstad will be providing the vessel Far Scotia. The contract is for five years, with an option for an additional 5 years and the operations will commence early 2011.

These new ROV Support Vessel contracts will consolidate Fugro's leading position as a supplier of ROV services in the IRM (Inspection Repair and Maintenance) market in Brazil, increasing the number of Fugro ROV Support Vessel contracts from 3 to 6.

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