Fugro Inks US$68.5 Million Seismic Contracts in Far East

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 US$68.5 million (almost EUR 50 million).

Fugro has been awarded a 1,700 square kilometers 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 neighboring blocks with a total area of 3,500 square kilometers. The vessel 'Geo Atlantic' will take on the work after the Australian survey. All the surveys will be undertaken with a 10-streamer spread.