Italy’s Next Geosolutions (NextGeo) has signed a five-year framework agreement with TotalEnergies to provide offshore survey services in support of the French energy major’s global operations.
The deal, announced on Monday, is non-exclusive and sets up a long-term working partnership aimed at boosting process efficiency and bringing consistency to contract terms while drawing on NextGeo’s survey experience and vessel capabilities, the company said in a release.
Operations under the agreement will be carried out using NextGeo’s offshore fleet. The company, listed in Milan and part of the Naples-based Marnavi Group, directly operates eight vessels and has access to a total of 14 through the wider Marnavi offshore fleet.
“This framework agreement represents a significant milestone for our company,” said NextGeo chief executive Giovanni Ranieri, adding that it opens the door to future business opportunities.
Ever since listing on Euronext Growth last year, NextGeo has been expanding its fleet and services, most recently acquiring a controlling stake in fellow subsea contractor Rana Subsea.