Fugro to support deep-water gas field development in South East Asia [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
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. 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. This 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 lis
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