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Fugro N.V. — M&A Activity 2007
Nov 6, 2007
3845_iss_2007-11-06_3412fc22-bf13-475c-94d8-7236e2def580.pdf
M&A Activity
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PRESS RELEASE
Leidschendam, the Netherlands, 6 November 2007
Fugro wins 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 USD 68.5 million (almost EUR 50 million).
Fugro has been awarded a 1,700 square kilometres 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 neighbouring blocks with a total area of 3,500 square kilometres. The vessel 'Geo Atlantic' will take on the work after the Australian survey. All the surveys will be undertaken with a 10 streamer spread.
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, approximately 11,000 staff and a permanent presence in over 50 countries.