Fugro has signed a letter of award to perform a site characterisation programme for a deepwater gas field development in Southeast Asia. This significant award represents the largest geotechnical & geophysical survey project for Fugro in the Asia Pacific region to date, reflecting the positive momentum of deepwater developments in the region.
This complex project builds on a combination of Fugro’s onshore, nearshore and offshore geophysical and geotechnical survey services. Geo-data acquisition is scheduled to commence in the third quarter of 2025, with fieldwork estimated to last approximately one year. Detailed testing and consulting deliverables will continue into 2027. Supporting site planning and engineering design, the resulting ground model will be made available to project owners in near real-time, to facilitate faster decision-making by project engineers and improved collaboration with stakeholders including regulatory agencies.
This project was largely included in the 12-month backlog as per March 2025.
Key data points: The growth forecast = 3.1% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunities and forecasts in vacuum generator circuit breaker market to 2031 by type (50-200MW, 200-450MW, 450-1000MW, and others), application (coal power plants, renewable energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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