Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Fugro N.V. M&A Activity 2009

Nov 17, 2009

3845_iss_2009-11-17_6610abb0-cced-40b0-80bc-3fcb5dd1a0e7.pdf

M&A Activity

Open in viewer

Opens in your device viewer

PRESS RELEASE

Leidschendam, the Netherlands, 17 November 2009

Fugro acquires major 3D seismic project offshore Alaska

Fugro-Geoteam has entered into an agreement with Statoil USA E&P, Inc. for the acquisition and QC processing of 2400 square kilometres of 3D marine seismic programme around Statoil's leases in the Chukchi Sea. The project is valued at approximately USD 26 million (EUR 17 million), with an estimated duration up to three months. The survey is planned to take place from approximately early August into October 2010.

In consideration of the challenging conditions of the Chukchi Sea, combined with the limited acquisition window, Fugro-Geoteam and Statoil have agreed to utilise one of the world's newest and most technologically advanced, 'C-class' vessels. The large and modern C-Class vessels have a DNV ICE classification as well as the proven capability to tow an exceptionally high streamer count. The combination of which, will provide the capability to optimise production during the limited window.

For further information: Fugro N.V. K.S. Wester, President and CEO Telephone + 31 70 311 11 12

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 Amsterdam and is included in the AEX-Index. Fugro has approximately 13,500 employees in more than fifty countries.