Argeo AS

Regulatory Filings • Jun 26, 2023

Argeo: NOK 20 million Stromar contract firmed up

Argeo: NOK 20 million Stromar contract firmed up

Asker, 26.06.2023: The survey project for Stromar offshore wind, earlier communicated 20 March 2023 has increased in project requirements and has contract value of total NOK 20 million.

The original contract, signed in March 2023, comprised of a geophysical survey in the project’s development area, located in the Moray Firth off the coast of Scotland. The Stromar offshore wind farm covers an area of 256 km2 and the project aims to reduce greenhouse gas emissions throughout the wind farm’s life cycle, including survey activities.

The survey is scheduled for Q3 2023, subject to the relevant permit approvals, and includes the option for a related export cable route (ECR) survey.

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.