Fugro and CGG's joint venture business Seabed Geosolutions has won a US$70 million contract to carry out a major ocean bottom cable (OBC) contract for PETRONAS Carigali in Malaysia on the Temana and D18 fields.
The project will start at the end of Q1 2014, and is expected to take about six months to complete.
Fugro said, with this contract, Seabed Geosolutions has secured a good backlog for 2014 for its data acquisition activities using seabed cables. The majority of this backlog is firm. In 2013 seabed data acquisition using cables suffered from low utilization.
Seabed Geosolutions was formed in February 2013, as a joint venture of Fugro and CGG. It collects geophysical data on the seabed through an array of imaging technologies for oil and gas companies, with a focus on the development and production phases of oil and gas fields.
