Argeo ASA – Argeo and TotalEnergies enter into a 5-year Global Frame Agreement with optional extensions for offshore site investigation

16 Dec 2024 08:00 CET

Asker, 16 December 2024: Argeo is pleased to announce the establishment of a
global framework agreement on Legal Terms and Conditions (FALTC) for offshore
site investigation services with TotalEnergies. The agreement has a fixed 5-year
term, with two optional 1-year extensions, allowing for a total duration of up
to 7 years.

The FALTC agreement with TotalEnergies will take effect immediately and is
designed to streamline and accelerate global procurement processes, enabling
Argeo to respond quickly to project requirements and opportunities and deliver
work on both short-term and long-term engagements.

Valid for up to seven years, including both optional years, this agreement
reinforces Argeo’s commitment to clients like TotalEnergies. By facilitating an
expedited workflow, this collaboration empowers both companies to maximize
efficiency and maintain high standards and requirements across global
operations.

“This agreement marks a significant step forward in our partnership with
TotalEnergies,” says Trond Crantz, CEO of Argeo. “It reflects a shared vision of
agility and innovation that will enable us to seize opportunities swiftly and
deliver exceptional value over the validity of the agreement.”

For more information, please contact:

Trond Figenschou Crantz, CEO
Email: trond.crantz@argeo.no
Phone: +47 976 37 273

About Argeo ASA 

Argeo is a comprehensive subsea service provider, operating across three major
sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique
package that integrates robust vessels, state-of-the-art autonomous underwater
vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive
digital platform designed to collect and visualize complex data. 

With their own vessels and high-performance AUVs, Argeo delivers fast and
flexible full-lifecycle services, including survey, inspection, maintenance, and
repair, aimed at improving efficiency and reducing the carbon footprint for
global, industry-leading clients. 

Founded in 2020, Argeo has established offices in Asker (Oslo), Edinburgh,
Houston, and Rio de Janeiro. 
The Company is listed on Euronext Oslo Børs under the ticker: ARGEO. Please
visit www.argeo.no for more information.

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