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    Fugro and Bumi Armada establish joint venture

    Company News // September 20, 2013

    Fugro and Malaysian oilfield services company Bumi Armada Berhad are entering into a joint venture to target the well services industry.

    The new venture, in which Fugro has a 49 per cent interest and Bumi Armada a 51 per cent interest, will feature a multi-disciplined team made up of members of both companies with skills in marine operations, well intervention and drilling operations.

    Fugro said the new company "will leverage the strengths of each party to develop new lines of business in the fast expanding well services segment, and will widen each companies offering to their respective client bases. "

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