In reference to the company’s earlier announcement made on the 24th of March 2022 “Argeo AS – Argeo signs 12-month project for newly purchased Hugin 6000 …” Argeo now confirms contract extension.
The project, which started 1st of September 2022 with a minimum guaranteed duration of 6-months and a 6-month extension, has now been extended to 1st of March 2024. The initial contract value of the extension is minimum 2 MUSD, subject to some increase with utilization added.
– We are pleased to announce the extension of the project as it confirms the attractivity and functionality of the AUV systems, says Argeo’s CEO, Trond Crantz.
The complete Hugin 6000 AUV system includes a full Launch and Recovery System container (LARS) and an Operating System container (OPS) which can be strategically placed in Argeo’s main Geomarkets for rapid deployment serving the company’s global customers with state-of-the-art technology and data.