Fugro has secured contracts to carry out multiple unexploded ordnance surveys for EDF’s 450MW Neart na Gaoithe offshore wind farm off Scotland and a geotechnical investigation at Orsted’s Greater Changhua development off Taiwan.
The announcements were included in the company’s 2019 half-year results, which saw revenue from its marine division grow 9.2% to €562.9m from €503.1m in 2018.
Earnings also rose to €67.9m in the first six months of this year from €33.5m in the same period last year.
Fugro said the results were boosted by strong growth in offshore wind coupled with increasing activity in oil and gas.
It had a particularly high activity level off the east coast of North America in offshore wind.
The company noted that it has stepped up efforts with its co-shareholder to sell Seabed Geosolutions with multiple parties showing an interest.
Overall, revenue rose to €796.9m from €734.1m and earnings grew to €83.3m from €47m.
The company made a loss of €17.6m in the period, but this was an improvement on the €40.2m loss in the first six months of 2018.
Fugro chief executive Mark Heine said: “I am pleased to report a strong improvement in our marine activities, in particular for offshore wind developments and hydrography.
“By now, Fugro’s business in non-oil and gas is close to half of our revenue. We are also benefiting from the ongoing normalisation of investments in oil and gas, whilst in our land business the asset integrity services are picking up.
“We anticipate continued supportive market conditions going forward, with higher volumes and recovering pricing.
“In line with our Path to Profitable Growth strategy, we are increasingly focusing on activities with better margins, improving the quality of our backlog.
“The marine asset integrity results show the impact from the restructuring in Asia Pacific while the market conditions are gradually improving.
“In the Americas, results should improve in the second half of the year, owing to higher utilisation of our vessel fleet.”