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Fugro becomes sole Shareholder of Seabed Geosolutions

Fugro has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of USD 35 million, paid by CGG before year-end 2019. The proceeds will be used to lower Fugro’s outstanding debt position and strengthen Seabed Geosolutions’ balance sheet.

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Fugro Seep hunting Success Offshore Malaysia

Fugro has successfully completed the first of three Malaysian seep hunting and geochemical campaigns for the Provision of Surface Geochemical Survey for Domestic Waters for Petroliam Nasional Berhad (PETRONAS), Malaysia’s fully integrated oil and gas company.

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Fugro’s new RAMMS Technology advances bathymetric Lidar Mapping Capabilities

Fugro is introducing a new bathymetric lidar system that delivers industry-leading depth penetration and point densities for nearshore and coastal mapping. Known as RAMMS (Rapid Airborne Multibeam Mapping System), the field-proven technology promises to deliver an efficient and cost-effective solution, dramatically improving upon other bathymetric lidar mapping capabilities.

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