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    Large seismic contract for Fugro

    Projects and Operations // March 15, 2006

    Fugro-Geoteam AS has signed an agreement to charter out Fugro’s fully equipped seismic vessel Geo Barents to TGS-NOPEC Geophysical ASA for a period of 18 months plus two six month options.

    The newbuild 3-D vessel will be delivered to Fugro in November 2006 and will go directly to the Gulf of Mexico to work for TGS-NOPEC.

    This seismic charter agreement will secure TGS-NOPEC a modern high capacity vessel with the latest technology for its multi-client programmes, while Fugro-Geoteam secures a fixed and predictable income for 18-30 months.

    This is the largest contract in Fugro's history.


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