Regulatory Filings • Oct 6, 2016
Regulatory Filings
Open in ViewerOpens in native device viewer
Leidschendam, The Netherlands, 6 October 2016
Seabed Geosolutions, in cooperation with CGG, secured a new extension to its ongoing shallow water operations in the U.A.E. The variation order from Abu Dhabi National Oil Company (ADNOC) covers Phase-II of the Ghasha Field project. This new survey is due to start in October and is expected to take approximately 9 months. It has a value of around USD 60 million.
With this new award, Seabed Geosolutions will enter its 4th year of continuous operations for ADNOC in the U.A.E., having recently successfully completed the Hail, Shuweihat and Ghasha Phase-I surveys.
Stephan Midenet, CEO of Seabed Geosolutions: "We are very pleased by the continued confidence shown by ADNOC with this new award, which is clearly the result of the exceptional performance of our shallow water crew. Over the past years and thanks to a close cooperation with ADNOC, this crew has been setting new safety, data quality and efficiency standards for shallow water and transition zone surveys, allowing for cost effective acquisition of large surveys."
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. The focus is on the development and production phases of oil and gas fields. As per the first half of 2017 its new versatile and ultra-efficient node solution Manta© will be available, which will represent a step change in seabed survey productivity in all configurations and water depths.
Media Rob Luijnenburg [email protected] +31 70 31 11129 +31 6 1594 0639
Investors Catrien van Buttingha Wichers [email protected] +31 70 31 15335 +31 6 1095 4159
Fugro is the world's leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. We collect data on topography, soil composition and environmental conditions, both onshore and offshore. We organise the acquired data and add value through processing, interpretation and visualisation. In addition, we provide geo-related design, asset inspection and integrity advice. Our services play a critical role in the entire lifecycle of our clients' construction and infrastructure projects.
Fugro works around the globe, predominantly in energy and infrastructure markets, employing approximately 11,500 employees in around 60 countries. In 2015 Fugro's revenue amounted to around EUR 2.4 billion. Fugro is listed on Euronext Amsterdam.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.