Research & Development Corporation of Newfoundland and Labrador
RDC. A Catalyst for Growth.

RDC and Fugro Bringing Arctic-Class Vessel with Research and Development Capabilities to Newfoundland and Labrador

January 28, 2015

The Research & Development Corporation (RDC) is pleased to announce a $4.9 million investment in a multi-purpose survey, support and research and development vessel to be stationed in St. John’s. The total cost to design, build and operate such a vessel over a 10-year period is estimated at more than $100 million which will be funded by Fugro GeoSurveys (FGI). RDC’s investment directly targets the research and development capabilities, equipment and operations of the vessel, which will be built and operated by Fugro GeoSurveys.

“Newfoundland and Labrador has an innovative ocean technology sector that will greatly benefit from a vessel providing dedicated time for research endeavours. This vessel will provide the necessary infrastructure for more offshore research activities and represents another step in strengthening our position as the pathway to the Arctic.”
- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development

RDC’s $4.9 million investment is being provided under its Petroleum R&D Accelerator Program. This funding program focuses on leveraging R&D investments with significant potential to impact petroleum exploration, development and operations. The multipurpose vessel will provide long-term supply and service opportunities for local companies. While its core activities will consist of industry work, Fugro will dedicate 90 days per year for research and development activities. Additional information on the vessel can be found in the backgrounder below.

 


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