Argeo Searcher conversion and rigging completed

21 Feb 2023 08:00 CET

Asker, 21 February 2023: Argeo’s subsea vessel, Argeo Searcher, has completed a
rigorous conversion & shakedown program and is now, fully equipped with both
SeaRaptor AUV’s, ready to enter commercial AUV operations aligning with
expanding backlog of projects.

A versatile and fuel-economic vessel rigged to meet our customer’s needs
The Argeo Searcher has been converted to cater for large scale deep-water work
with dual LARS deploy- and recover systems and a complete set-up for two
Autonomous Underwater Vehicles (AUVs). In addition to being an effective
multipurpose AUV/ROV survey vessel the Argeo Searcher is now rigged for offshore
inspection and maintenance operations with allocated space for optional ROV
operations. Being equipped with diesel electric propulsion the vessel provides a
fuel economic platform for Argeo’s customers projects with reduced carbon
footprint.

Further completed upgrades:
• State-of-the art data & operation rooms
• Customized hangar for multi AUV and ROV systems
• Following the conversion, the vessels DP2/FMEA capabilities (Dynamic
positioning and Failure Mode and Effects Analysis) and has been verified.
• Excellent cooperation with ship management partner OSM

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. 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 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.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.
Please visit www.argeo.no for more information.

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