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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Fugro N.V.    FUR   NL0000352565

FUGRO N.V.

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Fugro N : IOVTEC secures third geotechnical contract for Hai Long Offshore Wind Farm

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05/26/2020 | 04:38am EDT

The project will follow Fugro's 'Triple A' approach of acquiring, analysing and advising on Geo-data, and the contract will take around 10 months to complete.

The Hai Long offshore wind farms are being co-developed by Northland Power Inc, Yushan Energy and Mitsui & Co. Fugro IOVTEC will acquire Geo-data at 32 wind turbine locations and the site investigation will be carried out in two phases: seabed and downhole. The seabed phase will be performed using Fugro's SEACALF continuous drive system; the Fugro Voyager, Fugro's dedicated geotechnical drilling vessel, will be deployed for the downhole phase.

'We welcome this excellent opportunity to work for Hai Long and showcase Fugro IOVTEC's Geo-data expertise in the renewables sector,' said Jerry Paisley, Fugro's Business Line Director for Asia-Pacific. 'Offshore wind farm developments in the region and especially in Taiwan are going through an accelerated and ambitious pace, and Fugro is proud to be part of these developments that support our vision to create a safe and liveable world.'

'This collaboration with Fugro IOVTEC allows us to continue and increase our engagement with Taiwanese suppliers, underlining our commitment to cultivating the development of the local supply chain and helping fulfil Taiwan's ambitious plans for deploying offshore wind,' said Felipe Montero, EPCI Director of Hai Long Offshore Wind Project.

Disclaimer

Fugro NV published this content on 26 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2020 08:37:04 UTC

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Financials
Sales 2020 1 474 M 1 662 M 1 662 M
Net income 2020 - - -
Net Debt 2020 594 M 670 M 670 M
P/E ratio 2020 -2,33x
Yield 2020 -
Capitalization 314 M 355 M 354 M
EV / Sales 2019
EV / Sales 2020 0,62x
Nbr of Employees 9 652
Free-Float 94,8%
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Mark R. F. Heine Chief Executive Officer
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Antonio Jose Campo Mejia Member-Supervisory Board
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