The Netherlands: Fugro Wins USD 44 Million Contract for Geophysical and Geotechnical Surveys
- Business & Finance
FUGRO in conjunction with long-time associates, Constructora Subacuatica Diavaz, S.A. de C.V., has been awarded two large independent multi-site high resolution geophysical and geotechnical surveys by Mexico’s national oil company PEMEX.
Overall value of the contracts is estimated to be around USD 44 million (approximately EUR 31 million). Work is starting immediately.
Fugro provides the people, equipment, expertise and technology that support the exploration, development, production and transportation of the world’s natural resources. Fugro also provides its clients with the technical data and information required to design, construct and maintain structures and infrastructure in a safe, reliable and efficient manner.
Services that are provided locally, are supported by a global knowledge base and resource pool of experienced personnel. The services are often offered in combination in order to achieve the optimum results for the clients.
Fugro operates as an independent service provider and has no commercial or other direct interests in the projects of its clients. As Fugro is often involved in the early exploration and development phase of (potential) projects, confidentiality about Fugro’s engagements is essential in many cases.
Fugro’s clients operate in many locations and under different conditions. To be able to meet their needs in the best possible way, Fugro’s organisational structure is decentralised and client-oriented, delivering a wide range of services in a variety of operating environments and conditions. Fugro delivers these services from a global network of offices and facilities.
Fugro strives to achieve strong market positions based on (in-house developed) technologies, high-value services and a strong international or regional presence.
Fugro was founded in the Netherlands in 1962 and is listed on the Amsterdam stock exchange of NYSE Euronext since 1992. Fugro was included in the AEX-index as of September 2008.
Fugro grows organically and through acquisitions, and by the end of 2010 employed some 13,500 staff in more than 50 countries.
Source: FUGRO,May 27, 2011.