Asker, 30.03.2022: Argeo's Utsira Nord Multi-Client program has been approved by
Norwegian authorities and data acquisition is confirmed to commence in March
2022
Argeo's planned Multi-Client program for the Utsira Nord Offshore Wind farm has
been approved by the Norwegian authorities. Argeo will commence operations using
its state-of-the-art autonomous underwater vehicle (AUV) equipped with all
necessary sensors to acquire high-quality data over the licenses planned for
offshore wind construction. The program is receiving great interest from the
industry.
"This is a breakthrough for our new Multi-Client business. It confirms the
attractivity of Argeo's progressive Multi-Client/DaaS business model which will
accelerate Norway's Offshore Wind activity. This program will mark the
initiation of Argeo's long-term strategy of building a global high-revenue
generating data library, and the estimated value of this dataset alone is 25
MNOK. These data will provide our clients with much sought after insights, and
in addition be a significant risk reducing pre-planning tool", says Argeo CEO,
Trond Crantz.
"We see significant interest for our Multi-Client business, not just in the
North Sea, but in many of the Geomarkets we are present in. We provide high
quality data, which is a necessity determining optimal locations for offshore
wind turbines", Crantz continues.
Currently Argeo operates three high specification AUV's in addition to the Argus
USV and the Eelume system. The AUV is modular and very mobile with supporting
systems and 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-post
processing and mosaicking software to allow quick turnaround during missions and
improved decision making for the customer.
The AUV enables deep-water 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 Argeo AS
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.
The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.
Please visit www.argeo.no for more information.