Fugro awarded four multi-year contracts by Petrobras

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.

Notably, these contracts will see an expansion of Fugro’s pioneering remote operations capabilities, including the remote piloting of ROVs. This innovative technique was first deployed successfully in Brazil from the Fugro Aquarius in 2023, in collaboration with Petrobras. The approach relocates people from the field to the office environment, enhancing efficiency, and enabling real-time data analysis for faster decision-making.

Céline Gerson, Fugro’s Group Director in the Americas and President of Fugro USA, stated, “These new contracts from Petrobras demonstrate the deep value of our long-standing partnership in Brazil’s offshore energy sector. Being selected for this crucial work, which will extend through the decade, fuels our continued drive for innovation and unwavering commitment to excellence as we work collaboratively to ensure a responsible and resilient energy future in the region.”

This project was largely included in the 12-month backlog as per March 2025 (Fugro’s latest published results).