Argeo deep dives into the marine minerals market

17 Feb 2023 08:59 CET

Asker, 17 February 2023: Argeo has been awarded a contract comprising of
multi-sensor data acquisition with AUV for the Polish Geological Institute –
National Research Institute (PGI-NRI), to fulfil seabed mineral exploration work
under the provisions and scope of the Government of Poland Contract with the
ISA.

Under the contract, Argeo will perform high-resolution near-seafloor
geophysical- and environmental data acquisition for deep-sea minerals
exploration in the Polish contract area at the Mid-Atlantic Ridge. More
information to follow.

- We are very pleased to be awarded this contract as it will prove Argeo’s
capabilities in serving the emerging Marine Minerals (MM) industry, and also
demonstrate our unique array of Electro Magnetic sensor systems, says Argeo’s
CEO, Trond Crantz. Argeo’s marine minerals solution has been developed to
deliver high-quality pelagic, benthic, and subsurface data that are key in
addressing the challenges of remoteness and scale, complex geological settings,
as well as environmental sensitivity associated with deep-sea mineral deposits,
Crantz continues.
- The work will be carried out by our new versatile and fuel-economic
subsea/survey vessel Argeo Searcher. The Argeo Searcher has been converted to
cater for large scale deep-water work with a complete set-up for two Autonomous
Underwater Vehicles (AUVs) and prepared for Work Class ROV systems (WROV).

Argeo’s fleet of AUV’s are equipped with state-of-the-art sensors, including
integrated proprietary sensor technology, delivering valuable high-quality data
with applications across the MM value chain – from environmental impact
assessment and early exploration to resource assessment and extraction
monitoring.

About Polish Geological Institute – National Research Institute (PGI-NRI)
The Polish Geological Institute - National Research Institute (PGI-NRI) for over
100 years has been carrying out tasks in geology for the benefit of the Polish
State. The Institute fulfils the polish geological Survey's functions and
ensures monitoring of the geological environment, provides early warning of
natural hazards, and secures national security in mineral resources management.

Given the above, the Chief National Geologist (Ministry of Climate and
Environment of the Republic of Poland) entrusted PGI-NRI with the implementation
of preparatory works and organisation of a comprehensive research Survey in the
Atlantic Ocean, under the provisions and scope of the first five-year term of
the Contract with ISA. The overall goal of the entire exploration program is
collecting data on the location and characterisation of seafloor massive
sulphides (SMS) deposits along the Mid-Atlantic Ridge, covered by the Contract.

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 an Offshore Service company with a mission to transform the ocean
surveying and inspection industry by utilizing autonomous surface and underwater
robotics solutions (AUV’s and USV’s). Equipped with unique sensors and advanced
digital imaging technology, Argeo’s uncrewed vessels will significantly increase
efficiency and imaging quality in addition to contributing to significant
reduction in CO2 emissions from operations for the global industry.

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 Oil & Gas, Renewables, Marine
Minerals and Offshore Installations. Argeo was established in 2017 and has
offices in Asker (Oslo), Tromsø, Stockholm, Houston, and Singapore. Since its
incorporation, Argeo has carried out complex projects for some of Norway’s
largest companies in the field.

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