Argeo AS

Report Publication Announcement • Jan 16, 2024

Argeo AS: Argeo has received a conditional letter of award with an International Energy company for a project with expected duration of 9 months

Argeo AS: Argeo has received a conditional letter of award with an International Energy company for a project with expected duration of 9 months

Asker, 16.01.2024 Argeo has received a conditional letter of award from an International Energy company, for a project subject to final contract agreement. Argeo Venture will mobilise for the project upon completion of reactivation and upgrade. The project has an expected duration of 9 months.

The project will commence directly after the vessel completes the conversion upgrade in Norway and will occupy the vessel for the remainder of 2024. Detailed information will follow upon contract signature.

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, Houston, 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.