Half-year operational update

Jul 3, 2024 | News

Below are highlights from our half-year operational update from Argeo. You can download the full update presentation here: Download Full Operational Update (PDF)

Argeo Searcher

  • Vessel Inspection: Completed intermediate planned vessel inspection in Durban
  • Docking & Transit: Vessel docked out on June 26 and started transit to Trinidad & Tobago 27 June
  • Crew Change: Planned crew change in Cape Town 2 July
  • Arrival: Estimated arrival in Trinidad & Tobago medio-July
  • Project Milestone: The Searcher will complete the Calypso project end-August

Argeo Venture

  • Current Project: TotalEnergies, Namibia Venus project
  • Performance: Very good
  • Production Status: Ahead of schedule
  • Completion Target: Maintaining earlier completion target end-of-2024

Hugin 6000/Ocean Guardian

  • Mobilization & commencement: Completed mobilization for RWE and commencing production
  • Project: Canopy Floating offshore wind project
  • Current Phase: First phase of site investigations
  • Duration: 40 days firm + 30 optional days
  • Optional Days: Good likelihood of optional days taken
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…