Dutch geo-data company Fugro and Vietnamese partner PTSC Geos and Subsea Services are extending their cooperation in Vietnam’s offshore wind sector for a further two years under a renewed memorandum of understanding.
PTSC Geos and Subsea Services, part of Petrovietnam Technical Services Corporation, and Fugro first began working together in Vietnam in 2011. Under the new MoU, the partners will continue to support offshore wind projects with site investigation and marine data services, including metocean measurements alongside geophysical and geotechnical surveys.
The companies said that the extension underlines their ongoing support for Vietnam’s offshore wind plans. According to the 8th Power Development Plan issued in 2023, Vietnam is targeting about 6 GW of offshore wind capacity by 2030 and between 70 GW and 91.5 GW by 2050.
From the PTSC side, director Truong Tuan Nghia noted that the company has been active in Vietnam and the wider Asian market for more than 30 years. He said that renewing the agreement with Fugro enables the partners to keep delivering combined metocean, geophysical, and geotechnical survey work to their clients.
Speaking for Fugro, Jerry Paisley commented that Vietnam has strong offshore wind potential and highlighted that the two firms have worked together in the country for more than a decade. He added that the partnership allows Fugro and PTSC G&S to apply geo-data to help develop Vietnam’s offshore wind market.
This latest MoU follows Fugro and PTSC G&S’s agreement to extend the term by a further two years at the start of 2024.
