Fugro has been awarded a further 2-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.

The new award follows Fugro’s successful completion of an initial 12-month contract for the oil major, after taking delivery of the new-build vessel Fugro Aquarius.

Built specifically for the Brazilian market by Wilson Sons shipyard in São Paulo, with local content of more than 60%, Fugro Aquarius is an 83-metre, DP-2 ROV support vessel. With a deck area of 520 square metres, the vessel is permanently equipped with two Fugro-built 150HP 3,000-metre work class ROVs.

Commenting on the latest award, Andrew Seymour, Fugro’s manager for marine business in Brazil said, “As industry leader in ROV IRM, Fugro provides worldwide subsea inspection services in water depths up to 4,000 metres. This new contract strengthens our position in the Brazilian market, despite the challenging market conditions, and reinforces our ability to provide these services to clients such as Petrobras.”

About Fugro

Fugro is the world’s leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. We collect data on topography, soil composition and environmental conditions, both onshore and offshore. We organise the acquired data and add value through processing, interpretation and visualisation. In addition, we provide geo-related design, asset inspection and integrity advice. Our services play a critical role in the entire lifecycle of our clients’ construction and infrastructure projects.

Fugro works around the globe, predominantly in energy and infrastructure markets, employing approximately 11,500 employees in around 60 countries. In 2015 Fugro’s revenue amounted to around EUR 2.4 billion. Fugro is listed on Euronext Amsterdam.

About Petrobras

We have upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.