RIO Rio Tinto Plc

Fugro NV (FUR.AE) Friday said it has been awarded two marine drilling contracts with a combined value of around $52 million.

MAIN FACTS:

-Fugro Seacore Ltd. has been awarded two contracts in the marine seabed investigation and construction support service markets with a combined value of approximately $52 million.

-The first contract is to provide a marine drill coring system to the Japan Oil, Gas and Metals National Corporation (JOGMEC), for installation on their new marine survey vessel as part of their research investigations of seabed resources including Massive Sulphates and Methane Hydrates. The value of the contract is expected to exceed $32 million.

-The second contract involves specialist drilling and marine support services to the John Holland Group as part of their contract to construct a 1.4km access jetty and wharf which forms part of the early works for the construction for an iron ore terminal at Cape Lambert , Australia for Rio Tinto PLC (RTP). The contract has a value of $20 million.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

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