Fugro N.V.

M&A Activity • Dec 20, 2017

Leidschendam, The Netherlands, 19 December 2017

Seabed Geosolutions secures 3D and 4D ocean bottom node contracts offshore Trinidad and West Africa

Seabed Geosolutions has been awarded a 3D ocean bottom node (OBN) seismic acquisition project over the greater Angostura field in shallow waters, offshore Trinidad for BHP, and a 4D OBN project for Shell Nigeria Exploration and Production Company. The combined awards are valued at around US \$60 million.

The 225 km2 Trinidad project will start in the first quarter of 2018 and will use Seabed Geosolutions' latest node handling solutions deployed by ROV. These subsea systems were developed together with Fugro. BHP's plans for development in the area require a step-change in seismic quality, which can only be provided by OBN data.

Stephan Midenet, CEO of Seabed Geosolutions: "We are delighted to partner with BHP for their first ever OBN survey over an existing field offshore Trinidad. We are confident that our technology, coupled with our operational track record, will provide BHP with the data quality they need to meet their development goals."

The 4D OBN monitor project in the Bonga Field offshore Nigeria will use Seabed Geosolutions' Hugin Explorer vessel equipped with CASE Abyss® nodes and will commence in the first quarter of 2018.

Seabed Geosolutions is a joint venture between Fugro and CGG. It collects geophysical data on the seabed through an array of imaging technologies for oil and gas companies, focused on the development and production phases of oil and gas fields.

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For more information:

Media Edward Legierse e.legierse@fugro.com +31 70 31 11129

Investors Catrien van Buttingha Wichers c.vanbuttingha@fugro.com +31 70 31 15335 +31 6 1095 4159

Fugro is the world's leading, independent provider of geo-intelligence and asset integrity solutions. Fugro acquires and analyses data on topography and the subsurface, soil composition, meteorological and environmental conditions, and provides related advice. With its geo-intelligence and asset integrity

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solutions Fugro supports the safe, efficient and sustainable development and operation of buildings, industrial facilities and infrastructure and the exploration and development of natural resources.

Fugro works around the globe, predominantly in energy and infrastructure markets offshore and onshore, employing approximately 10,500 people in around 60 countries. In 2016, revenue amounted to EUR 1.8 billion. The company is listed on Euronext Amsterdam.