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Fugro creates new offshore joint venture

Fugro Offshore Geotechnics has announced that it has formed a joint venture with seabed robotic drilling specialist Gregg Marine that will trade under the name of Seafloor Geotec.

The JV has said that the new business will combine the extensive offshore drilling and testing expertise of both parent companies to offer seabed-based drilling and soil investigation capability in water depths of up to 3km. Fugro said that this move into the seabed drilling market provides good synergies with its extensive fleet of conventional geotechnical drilling platforms.

Seafloor will be based in California but operate globally through Fugro’s existing businesses.

The JV has already confirmed that it is planning a new build programme to include technical enhancements and drilling upgrades to its existing systems.

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