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| Fugro’s largest contract Fugro-Geoteam AS, a Norwegian operating company of the Fugro Group, has signed an agreement to charter out Fugro’s fully equipped seismic vessel ‘Geo Barents’ to TGS-NOPEC Geophysical Company ASA for a period of 18 months plus two times 6 months options. This new-build 3D 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 with a modern high capacity vessel with the latest technology for its multi-client programs, while Fugro-Geoteam secures a fixed and predictable income for 18-30 months. This is the largest contract in Fugro's history. write your comments about the article :: © 2006 Construction News :: home page |