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

Apr 17, 2024 | News

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.

First quarter 2025 results

First quarter 2025 results

Asker, 15.05.2025 Revenue for Q1 amounted to USD 11.5 million, marking an increase of 21% year-over-year (YoY). EBITDA amounted to USD -0.2 million, alongside an EBIT of USD -2.0 million. Net loss for the quarter was USD 4.2 million. Key Q1 2025 highlights include:All...

Argeo at EAGE 2025

Argeo at EAGE 2025

Connect with us at EAGE 2025. Argeo will exhibit and be present at the EAGE Annual Conference in Toulouse, France, from 2nd of June till 5th of June 2025. Our team is ready to discuss our integrated services – complete with proven multipurpose vessels…