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Fugro N.V. — Capital/Financing Update 2007
Dec 10, 2007
3845_iss_2007-12-10_7a2bb89b-dd10-46bb-9517-f39968ad2dd5.pdf
Capital/Financing Update
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PRESS RELEASE
Leidschendam, the Netherlands, 10 December 2007
Fugro signs contract for two new vessels
Fugro has signed a contract with BMV (Bergen Yards) in Norway for building two new vessels.
The contract consists of building one seismic vessel and one ROV offshore construction support vessel with a combined value of around EUR 150 million.
The first ship is a seismic vessel and the vessel will be outfitted at BMV (Bergen Yards) in Bergen, Norway. The vessel will have a length of 108 m and a maximum breadth of 28 m and will be equipped with 16 tow points and the latest and most advanced seismic technology. The vessel will be delivered to Fugro in August 2010 and will operate world wide.
The second vessel is a DP II ROV/offshore construction support vessel. This vessel will also be outfitted at BMV (Bergen Yards) and will have a length of 111 m and a breadth of 24 m. This vessel will contain all necessary equipment needed to perform a wide range of subsea activities and will be delivered to Fugro in December 2010.
The contract also includes an option for a third vessel for delivery in 2011.
The vessels are of the same design as the recently launched Geo Celtic (seismic) and the two vessels presently under construction for Fugro at the Bergen Yards, Fugro Saltire (ROV support) and Geo Caribbean (seismic).
The new vessels will secure increased capacity for Fugro and ensure a solid contribution to the longer term fleet renewal program already in progress.
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 Trade reg. 27120091 VAT 005621409B01
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, more than 11,000 staff and a permanent presence in over 50 countries.