Argeo presents at the Pareto Securities’ Annual Energy Conference 2023

Sep 20, 2023 | News

Trond Crantz, CEO of Argeo, is presenting today at Pareto Securities’ Energy Conference in Oslo

The company will present a market update and the new Hugin AUV fleet expansion announced this morning, the technological leadership position of Argeo, the emerging marine minerals market and the exciting future ahead.

Presentation highlights

  • In negotiation for a total of USD 20 million in new contracts with commencement in 2023
  • Submitted tender pipeline in excess of USD 85m with commencement stretching into 2025
  • LOI for a fully financed purchase agreement for 3 new Hugin AUV’s from 2023-2025
  • Financial agreement in place to upgrade Argeo Searcher to full subsea capability
  • Reiterates a resilient strategy in three major markets; oil & gas, marine minerals and renewables, which all expect strong growth going forward.
  • Strong position in the entire value chain with a competitive edge, with technology leadership and crucial patents
  • Preparing for next vessel to secure further growth and scaling

Presentation download