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Fugro N.V. — Regulatory Filings 2017
Jan 13, 2017
3845_iss_2017-01-13_b5000195-a52a-4f60-b147-8cebcf0f620a.pdf
Regulatory Filings
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Leidschendam, The Netherlands, 13 January 2017
Fugro awarded major five year contract for subsea inspection, repair and maintenance services with INPEX in Australia
Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd (INPEX) for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometres from the coast of Western Australia. INPEX is Japan's largest oil and gas exploration and production company.
The five year contract encompasses field operations support, inspection, repair and maintenance (IRM) services and will run for five years, with options to extend. Fugro will provide all services through its office in Perth. The work will be performed under Fugro's QHSE system, which is in accordance with industry leading QHSE and operational standards.
Mark Heine, Divisional Director Marine and member of the Board of Management: "We are pleased to have secured this long term contract, supporting vessel utilisation in the current challenging oil and gas market. This IRM contract fits well within our asset integrity business line, which centers around inspection and monitoring services, supporting optimal utilisation and longevity of our clients' infrastructure."
Regulated information
This press release contains information that qualifies, or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
For more information
Media Rob Luijnenburg [email protected] +31 70 31 11129 +31 6 5534 7391
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.
PRESS RELEASE
Fugro works around the globe, predominantly in energy and infrastructure markets, employing approximately 11,000 employees in around 60 countries. In 2015 Fugro's revenue amounted to around EUR 2.4 billion. Fugro is listed on Euronext Amsterdam.