Argeo AS ( (DE:8W20) ) has shared an announcement.
Argeo ASA has successfully concluded commercial negotiations for a four-year ROV & AUV Support Vessel contract in South America, marking a significant milestone in its contract finalization process. The procurement process is progressing well, and Argeo remains in close dialogue with the client, indicating a positive trajectory for this long-term subsea services contract in the oil and gas industry.
More about Argeo AS
Argeo ASA is a comprehensive subsea service provider operating in the Oil & Gas, Marine Minerals, and Renewables sectors. The company offers a unique package of services that include robust vessels, autonomous underwater vehicles (AUVs), advanced sensors, digital imaging technology, and a digital platform for data visualization. Argeo provides survey, inspection, maintenance, and repair services aimed at improving efficiency and reducing carbon footprints for global clients. Founded in 2020, Argeo has offices in Asker, Edinburgh, Houston, and Rio de Janeiro, and is listed on Euronext Oslo Børs.
YTD Price Performance: 22.01%
Average Trading Volume: 1,000
Technical Sentiment Signal: Buy
Current Market Cap: €33.79M
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