Dutch surveyor Fugro has extended its memorandum of understanding with Petrovietnam Technical Services Corporation’s subsidiary, PTSC Geos and Subsea Services, to meet Vietnam’s rising demand for geophysical, geotechnical, and metocean data services.
Under this additional two-year agreement, Fugro’s full range of marine site characterisation services, combined with PTSC G&S’ local survey capabilities, will support both Vietnam’s oil & gas industry and the growing offshore wind sector.
This extension represents a new milestone in Fugro and PTSC G&S’ partnership, which was set up in 2011, and reflects both parties’ commitment to contributing to the country’s developing offshore wind industry and ambitious offshore wind targets.
These include an initial target of approximately 6GW of offshore wind energy by 2030, and 70 to 91.5GW by 2050, which is critical for the country to achieve its goal of carbon neutrality by 2050.
“Vietnam holds tremendous potential for offshore wind power and, after over a decade of working here with our local partner, PTSC G&S, we’re thrilled to be unlocking geo-data insights to now help develop Vietnam’s offshore wind market,” said Jerry Paisley, Fugro’s regional strategic sales and marketing director.
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