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    Fugro signs survey agreement in Azerbaijan

    Company News // January 3, 2014

    Fugro has reached agreement with the State Oil Company of the Azerbaijan Republic (SOCAR) to form a new joint venture for bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs), diving services and general positioning support, onshore and offshore, throughout the Republic of Azerbaijan.

    The agreement to form SOCAR-FUGRO LLC, in which Fugro has a 49 per cent interest and SOCAR a 51 per cent interest, builds on an original agreement signed in 1995 to establish Azeri-Fugro Ltd when Fugro first commenced operating in the Caspian region.

     

     

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