Asker, 28.03.2025 Argeo ASA has secured contract work for both the vessels Argeo Venture and Argeo Searcher in their respective areas of operation. This strengthens Argeo’s backlog and operational activity across key offshore regions.
Both projects reflect the continued confidence in Argeo’s unique combination of integrated vessels, advanced AUV and sensor technologies, and in-house expertise delivered by our experienced crews.
Argeo Searcher
Argeo Searcher continues on new contracted AUV survey work in South America for O&G development in the region. The project will commence immediately and is expected to be completed early May 2025. The awarded work for Searcher is defined Considerable (1) and is a day rate contract with options to extend time and work scopes.
Argeo Venture
Argeo Venture continues on new contracted AUV survey work in Africa for O&G development in the region. The project will commence immediately and is expected to be completed late May 2025. The awarded work for Venture is defined Considerable (1) and is a day rate contract with options to extend time and work scopes.
(1) Argeo definition of contract size:
• Major contract as being USD $30 million and above
• Large contract as being between USD $10 million and USD $30 million
• Substantial contract as being between USD $5 million and USD $10 million
• Considerable contract as being up to USD $5 million
“Being present in the right locations at the right time is a key part of our strategy. Our presence in these key geomarkets enabled us to mobilize quickly and deliver value to the client with minimal lead time,” says Trond F. Crantz, CEO of Argeo. “This reinforces the strength of our agile operating model and our ability to support clients wherever they operate.”
For more information, please contact:
Trond Figenschou Crantz, CEO
Email: trond.crantz@argeo.no
Phone: +47 976 37 273
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Odd Erik Rudshaug, CFO at Argeo ASA, on 28 March 2025 at 11:10 CEST.
