Fossil Energy – Subsea Inspections
Petrobras has announced tender results, awarding Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil.
The contracts, once signed, will commence in the fourth quarter of 2025 and span four years with potential one-year extensions, underscoring Fugro’s commitment to providing essential services for the offshore energy sector.
Each of the four day-rate contracts is assigned to a dedicated vessel — two operated by Fugro and two by partner companies— all of which will be equipped with Fugro’s state-of-the-art remotely operated vehicles (ROVs) for comprehensive and precise inspection and monitoring of subsea assets.
The combined value of the contracts over the next four years is approximately USD 340 million. Three out of the four, including the one awarded to Fugro Aquarius, are set to replace existing contracts expiring later this year, under improved terms and conditions. The fourth contract is new.
