Woodside & Fugro Survey Sign Framework Agreement

Woodside Energy Limited and Fugro Survey Pty Ltd have signed a Geomatics Service Framework Agreement that will see the two prominent figures in the offshore oil and gas industry continue their 30 year working relationship into 2004.

Commenting on the recent signing, Woodside Geomatics Manager, Bob Quarill, states "Our association with Fugro dates back to their first scope of works in the early 1970's and we are pleased to be able to continue our association with the signing of the Geomatics Framework Agreement."

The agreement signed by Woodside Geomatics Manager, Bob Quarill, and Fugro Managing Director, Grey Roughan, will act as the overarching contract that will form the basis for all future work undertaken by Fugro. The contract details pre-agreed standard terms and conditions, quality assurance procedures, generic technical specifications and health, safety & environmental procedures. The term of the agreement will be for 1 year with a further option to extend. Fugro expect in the first year of the agreement contact work for survey services and geotechnical site investigation projects to have a contract value in the order of AUD 8 Million in the first year.

Grey Roughan, Managing Director of Fugro Survey comments, "The signing of the framework agreement highlights the commitment between Woodside and Fugro to ensure a high level of quality service that will provide synergies for future survey and geotechnical works in 2004."