Fugro Wins Offshore India Contract from ONGC

Fugro has received a letter of award for a major contract for marine 3D seismic acquisition and onboard processing services offshore India from Oil and Natural Gas Corporation Limited (ONGC), India's national oil company.

The work will be executed by one of Fugro's 3D seismic vessels over two consecutive field seasons in 2007-08 and 2008-09 with a duration of about seven months per season. The total value of the contract is approximately USD 145 million (approximately EUR 106 million). The project is due to commence in October 2007.

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