Fugro, CGG JV nabs $60-million ADNOC contract

LEIDSCHENDAM, The Netherlands -- Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to its ongoing shallow-water operations in the United Arab Emirates.

The variation order from Abu Dhabi National Oil Company (ADNOC) covers Phase-II of the Ghasha field project. This new survey, which has a value of around $60 million, is due to start in October, and it is expected to take approximately nine months.

With this new award, Seabed Geosolutions will enter its fourth year of continuous operations for ADNOC in the U.A.E., having recently completed the Hail, Shuweihat and Ghasha Phase-I surveys.

Stephan Midenet, CEO of Seabed Geosolutions, said, “We are very pleased by the continued confidence shown by ADNOC with this new award, which is clearly the result of the exceptional performance of our shallow-water crew. Over the past years and thanks to a close cooperation with ADNOC, this crew has been setting new safety, data quality and efficiency standards for shallow water and transition zone surveys, allowing for cost-effective acquisition of large surveys.”