Regulatory Filings • Feb 14, 2014
Regulatory Filings
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Leidschendam, The Netherlands, 14 February 2014
Fugro Subsea Services has been awarded a long term contract by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited (Shell) for the provision of underwater inspection, maintenance and repair services at their subsea infrastructure across Malaysia.
The contract will run for five years with options to extend. Fugro will establish a project office in Miri and a support facility in Labuan. Fugro expects to engage most of its Asia Pacific subsea fleet over the duration of the contract, dependent on the activity, which includes saturation and air diving activities, deepwater installation of trees/subsea hardware and pipeline and platform inspection services. All work will be performed under Fugro's QHSE system, which is in accordance with Shell's industry leading QHSE and operational standards.
In addition to the services provided from the vessels, the contract also includes the provision of two permanently deployed remotely operated vehicles (ROV) systems and operational personnel.
Fugro has been providing safe, high quality subsea services in Malaysia for many years. The award of the Shell underwater inspection and maintenance services contract is recognition of this experience, as well as Fugro's complete capability to service a contract of this size and scope, which has an estimated total value in excess of USD 250 million.
For more information: Media Rob Luijnenburg [email protected] +31 70 31 11129
Investors Catrien van Buttingha Wichers [email protected] +31 70 31 15335
ABOUT FUGRO
Fugro creates value by acquiring and interpreting Earth and engineering data and by supporting its clients with the design, construction, installation, repair and maintenance of their infrastructure. Fugro works predominantly in energy and infrastructure markets offshore and onshore, employing approximately 12,500 employees in over sixty countries. In 2012 Fugro's revenues amounted to € 2.4 billion, it is listed on NYSE Euronext Amsterdam and is included in the AEX-Index.
Fugro N.V. - P.O. Box 41 - 2260 AA - Leidschendam -The Netherlands - Tel: +31 70 3111422 - Fax: +31 70 3202703 - Trade Register: nr 27120091 – VAT Nr: 0056 21 409 B01 - [email protected]
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