Dutch geological data company Fugro has secured what it claims is its largest-ever project in the Asia-Pacific (APAC) region to support the development of a deep-water gas field in South East Asia.
Fugro signed a letter of award (LOA) to carry out a site characterisation programme for the development, combining onshore, nearshore and offshore geotechnical and geophysical survey services.
Go deeper with GlobalData
Geo-data acquisition is set to begin in the third quarter of 2025, with the fieldwork anticipated to last around one year.
Subsequent detailed testing and consulting deliverables are expected to continue into 2027.
The ground model produced from the site characterisation will support the planning and engineering design stages of the development.
It will be made available to the project owners in near real time.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThis approach is designed to expedite decision-making processes for project engineers and enhance collaboration with stakeholders including regulatory agencies.
Fugro, which employs approximately 11,000 people across 52 countries, primarily serves clients in the energy, infrastructure and water industries.
The company reported revenues of €2.3bn ($2.63bn) in 2024 and is listed on Euronext Amsterdam.
In March, the company saw a revival of its projects in the US, particularly in the hydrocarbon and liquefied natural gas sectors, following Donald Trump’s election.
This uptick in activity was due to the US Government, under Trump’s leadership, releasing licences that were previously frozen during Joe Biden’s presidency.
Last year, Fugro also publicised the renewal of its contract with Petrobras.
This extension pertains to the ongoing provision of inspection, repair and maintenance services by Fugro’s vessel the Fugro Aquarius.
