Argeo AS

Earnings Release • Apr 17, 2024

Argeo AS: Argeo has signed a contract with Woodside Energy for Calypso AUV survey

Argeo AS: Argeo has signed a contract with Woodside Energy for Calypso AUV survey

Asker, 17.04.2024 Argeo is pleased to announce having signed a contract with Woodside Energy to execute the 2024 AUV geophysical survey for the deepwater Calypso field in Trinidad and Tobago.

The work will be carried out by Argeo Searcher with commencement in Q3 2024 and the project will occupy the vessel for approximately 60 days, not including any additional work. The Calypso field is located approximately 225 km off the East coast of Trinidad in ~2,100m water depth.

"This contract ignites our Caribbean and South American campaign to provide top-tier deep-water services within the North and South Americas (NSA) geomarket” states Argeo CEO, Trond Figenschou Crantz.

“This is an important and significant award for Argeo, and we very much look forward to demonstrating our capabilities and expertise to Woodside on this project” states Argeo VP NSA, Dave Gentle.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo

Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles (AUV’s) will significantly increase efficiency and imaging quality in addition to contributing to significant reduction in CO2 emissions from operations for the global industry in which the Company operates.

The Company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow waters to the deepest oceans for the market segments Oil & Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was established in 2017 and has offices in Asker (Oslo), Tromsø, Stockholm, Edinburgh, Houston, Rio de Janeiro, and Singapore. Since its incorporation, Argeo has carried out complex projects for some of Norway’s largest companies in the field.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.

Please visit www.argeo.no for more information.