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Saturday, November 10, 2007

Fugro receives Australia, Indonesia seismic work

Energycurrent.com, Filed from Aberdeen 11/6/2007 1:52:04 PM GMT

NETHERLANDS: Netherlands-based Fugro has been awarded two contracts for 3-D marine seismic surveys in Australia and Indonesia and received a letter of intent for another seismic contract in Indonesia. The total contract value is US$68.5 million.

Fugro has been awarded a 1,700 square kilometre (656 square mile) 3-D seismic survey for ConocoPhilips in Australia. Fugro's seismic vessel Geo Atlantic will undertake the two-month project offshore northwestern Australia beginning later this month.

In addition, a further letter of award was agreed upon with ConocoPhilips, and a letter of intent was received from StatoilHydro, each for a 3-D seismic survey in Indonesia.

These contracts cover two neighbouring blocks with a total area of 3,500 square kilometres (1,351 square miles). The vessel Geo Atlantic will take on the work after the Australian survey. All the surveys will be undertaken with a 10 streamer spread.

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