Argeo ASA: Argeo and partners qualified for four-year contract in South America

01 Jul 2025 23:15 CEST

Asker, 1 July 2025: Reference is made to the stock exchange releases from Argeo
ASA ("Argeo") published on 24 January 2025 and 31 March 2025. Argeo is pleased
to announce that it, together with its partners, have completed the
qualification process and continues the process towards contract signing.

The contract is for a ROV Support Vessel (RSV) including Autonomous Underwater
Vehicle (AUV) and Remotely Operated Vehicle (ROV) services. Contract period is
four years with expected commencement early Q4 2026.

Argeo will execute the contract in partnership with Compagnie Maritime
Monegasque (CMM), a Brazilian offshore shipping company, and IKM Subsea, a
leading independent ROV and subsea operator. Argeo will provide further updates
to the market in due time.

For more information, please contact:
Joost Bakker, CEO
Email: joost.bakker@argeo.no
Phone: +47 90548930

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. 

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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