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Fugro to launch Nigeria-focused joint venture with Jagal

Fugro to launch Nigeria-focused joint venture with Jagal

Geo intelligence firm Fugro and local energy operator Jagal are to launch a Nigeria-focused site characterisation and asset integrity services joint venture.

Fugro business development manager for Africa Peter Boon said “The new business will leverage the strengths of both parties to undertake large, integrated marine site characterisation projects and asset integrity programmes.

“Jagal’s commitment to high standards in health and safety is aligned with Fugro’s and, along with our objective to indigenise our specialist services into the local market, this co-operation will enhance our support of the offshore energy industry in Nigeria,” he added.

The new company, Fugro Marine Nigeria, will be a 100% Nigerian entity.

Fugro is a global provider of geo-intelligence and asset integrity services. The company employs approximately 10,000 people across 65 countries and its 2017 revenue was €1.5Bn (US$1.7Bn). Nigerian conglomerate Jagal operates energy businesses and manages a diversified portfolio of investments in areas such as technology, real estate and healthcare.

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