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Fugro N.V. — Capital/Financing Update 2006
Jun 30, 2006
3845_iss_2006-06-30_9a3cb1ec-0ced-40a0-8af1-0e62d49e7cba.pdf
Capital/Financing Update
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PRESS RELEASE
FUGRO
Leidschendam, the Netherlands, 30 June 2006
Fugro extends fleet capacity
Fugro has placed an order for a new vessel (Geo Caribbean) with the Bergen Mekaniske Verksted (BMV) shipyard in Norway. The vessel will be owned by Fugro and will be delivered no later than October 2008.
The overall length of the vessel is 101 metres and it will be used for three dimensional (3D) seismic survey work and it will be equipped for towing a maximum number of 14 streamers for long offset acquisition (streamer length over 9 km).
The Geo Carribean has the same design as the previously announced vessels chartered by Fugro from E. Forland Shipowners; the Geo Celtic (seismic survey, available in May 2007) and the Fugro Saltire (ROV Subsea support, available in February 2008). The special design allows for future multiple purpose utilisation of the vessel.
The vessel together with the seismic equipment involves a total investment of over € 100 million. This investment which is part of Fugro's earlier announced plan to increase and modernise its marine seismic capacity will be financed out of Fugro's own resources.
For further information: Fugro N.V. K.S. Wester, President and CEO Telephone +31 70 311 11 12
Fugro N.V. P.O. Box 41 2260 AA Leidschendam The Netherlands Tel: +31703111422 Fax: +31703202703 [email protected] www.fugro.com
Fugro collects, processes and interprets data related to the earth's surface and soil composition and provides advice based on the results. As an extension to these activities, Fugro provides services such as precise positioning, construction materials testing, reservoir engineering and data management. Fugro's operations have been organized into three divisions: Geotechnical, Survey and Geoscience. Fugro is listed on Euronext N.V. in Amsterdam and is included in the Amsterdam Midkap Index. Fugro has over 275 offices, approximately 9,000 staff and a permanent presence in over 50 countries.
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