Fugro Signs Contract for New Vessels

Wednesday, December 12, 2007
Fugro has signed a contract with BMV (Bergen Yards) in Norway for building two new vessels. The contract consists of building one seismic vessel and one ROV offshore construction support vessel with a combined value of around $220.1m. The first ship is a seismic vessel and the vessel will be outfitted at BMV (Bergen Yards) in Bergen, Norway. The vessel will have a length of 108 m and a maximum breadth of 28 m and will be equipped with 16 tow points and the latest and most advanced seismic technology. The vessel will be delivered to Fugro in August 2010 and will operate world wide.

The second vessel is a DP II ROV/offshore construction support vessel. This vessel will also be outfitted at BMV (Bergen Yards) and will have a length of 111 m and a breadth of 24 m. This vessel will contain all necessary equipment needed to perform a wide range of subsea activities and will be delivered to Fugro in December 2010. The contract also includes an option for a third vessel for delivery in 2011. The vessels are of the same design as the recently launched Geo Celtic (seismic) and the two vessels presently under construction for Fugro at the Bergen Yards, Fugro Saltire (ROV support) and Geo Caribbean (seismic). The new vessels will secure increased capacity for Fugro and ensure a solid contribution to the longer term fleet renewal program already in progress.

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