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Fugro has extended its Memorandum of Understanding (MOU) with PTSC Geos and Subsea Services (PTSC G&S), a branch of Petrovietnam Technical Services Corporation, to meet rising demand for marine site characterisation services in Vietnam.
Under the additional two-year agreement, Fugro’s full suite of marine site characterisation services covering geophysical, geotechnical and metocean data will be combined with PTSC G&S’ local survey capabilities. The collaboration will continue to support Vietnam’s oil and gas sector while also enabling the country’s expanding offshore wind industry.
The extension marks a new milestone in a partnership that began in 2011 and aligns with Vietnam’s offshore wind targets outlined in the 8th Power Development Plan (PDP8), published in 2023. The plan sets an initial target of approximately 6 GW of offshore wind capacity by 2030 and 70 to 91.5 GW by 2050, supporting the country’s goal of achieving carbon neutrality by 2050.
Blog Summary
Fugro has extended its long-standing partnership with PTSC G&S through a new two-year MOU to support Vietnam’s increasing demand for marine site characterisation services. By combining Fugro’s geophysical, geotechnical and metocean expertise with PTSC G&S’ local survey capabilities, the collaboration will continue to serve Vietnam’s oil and gas sector while supporting the development of the country’s offshore wind industry. The agreement builds on a partnership established in 2011 and aligns with national offshore wind targets under Vietnam’s Power Development Plan 8.
Frequently Asked Questions
1. What does the extended MOU between Fugro and PTSC G&S cover?
The agreement covers the provision of marine site characterisation services, including geophysical, geotechnical and metocean data, to support offshore energy projects in Vietnam.
2. How long is the extension of the partnership?
The MOU has been extended for an additional two years.
3. Which sectors will benefit from this collaboration?
The partnership will support both Vietnam’s existing oil and gas industry and the country’s growing offshore wind sector.
4. When did Fugro and PTSC G&S first establish their partnership?
The partnership was originally established in 2011.
5. How does this agreement align with Vietnam’s offshore wind goals?
The collaboration supports offshore wind targets outlined in Vietnam’s Power Development Plan 8, which aims for around 6 GW of offshore wind capacity by 2030 and up to 91.5 GW by 2050.
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