Asker, 16.12.2021: With reference to the notice issued on the 10th of November
2021, Argeo confirms that an agreement comprising of AUV (Autonomous Underwater
Vehicles) work for an undisclosed customer in Brazilian O&G sector has been
signed.
The project is scheduled to commence early Q1 2022 with possibility for
extensions. Argeo sees this as a potential start of a broader campaign in the
Brazilian deep-water market. The contract is in line with ArgeoŽs targets for
margins.
- We are pleased to announce this project as it is a breakthrough agreement
opening a new geographical market in line with our growth strategies, says Argeo
CEO, Trond Crantz.
With the current strong gas and oil markets the demand for AUV's in the
deep-water market in Brazil, is similarly strong.
- This is just the beginning of establishing Argeo in the region and we are in
discussions regarding potential follow-on projects extending project delivery
for several customers into early Q2, says Crantz.
Argeo currently has three high specification AUV's. The AUV is modular and very
mobile with supporting systems which can be strategically placed in Argeo's main
Geomarkets for rapid deployment serving our global customers with
state-of-the-art technology and data. All data collected is processed onboard
the AUV using onboard-postprocessing and mosaicking software to allow quick
turnaround during missions and improved decision making for the customer.
The AUV enable deep-sea surveys to the benefit of marine industries including
Installations & Infrastructure, Offshore Wind, Oil & Gas and Deep-Sea Minerals.
For more information, please contact:
Trond Figenschou Crantz, CEO
Email: trond.crantz@argeo.no
Phone: +47 976 37 273
About Argeo
Argeo is a company with a mission to transform the ocean surveying and
inspection industry by utilizing autonomous surface and underwater robotics
solutions. Equipped with unique sensors and advanced digital imaging technology,
the Autonomous Underwater Vehicles ("AUVs") will significantly increase
efficiency and imaging quality in addition to contribute to significant
reduction in CO2 emissions from operations for the global industry in which the
Company operates. The Company's highly accurate digital models and digital twin
solutions are based on geophysical, hydrographic and geological methods from
shallow waters to the deepest oceans for the market segments Infrastructure,
Offshore Wind, Oil & Gas and Deep-Sea Minerals. Argeo was established in 2017
and has offices in Asker and Tromsø, Norway. Since its incorporation, Argeo has
carried out complex projects for some of Norway's largest companies in the
field.
www.argeo.no