Fugro Geoteam has signed a letter of award with Statoil Canada for a 3-D seismic survey offshore Newfoundland worth over US $40 million, the Fugro news release said.
The survey will be undertaken using one of Fugro Geoteam’s industry leading C-Class seismic vessels during the second and third quarter of this year.
Fugro N.V. is a Dutch multinational company headquartered in Leidschendam. Fugro provides geotechnical, survey and geoscience services to oil, gas, mining and construction industries. In 2009, Fugro earned over two billion euros in revenue and is traded on the Euronext Stock Exchange.