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    Fugro strengthens position in seismic market

    News // October 18, 2005

    Fugro has signed a long term charter agreement with Rieber Shipping ASA, Norway, for the vessel Polar King.

    The vessel was built in 2000, and will be converted for 3-D seismic acquisition and will be able to tow 8-10 long offset streamers (up to 9 kilometres length). The ship will be ready for deployment in May 2006.

    The charter is part of Fugro’s plan to partly replace, modernise and expand the fleet of six seismic vessels that it currently deploys.

    It is Fugro’s objective to operate with a fleet of approximately eight ships, some owned and some chartered, as of mid 2006.

    Fugro has already placed orders for two sets of 3-D streamers, one of which is for Polar King.

     

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