The latest announcement is out from Argeo AS ( (DE:8W20) ).
Argeo AS has secured the leading position in a tender for an ROV & AUV Support Vessel contract, which is set to last for four years, pending further negotiations. This development is poised to strengthen Argeo’s operational capabilities and market standing in the subsea service industry, potentially benefiting its stakeholders by enhancing service efficiency and expanding its project portfolio.
More about Argeo AS
Argeo ASA is a subsea service provider that operates within the Oil & Gas, Marine Minerals, and Renewables sectors. The company offers a unique package that includes vessels, autonomous underwater vehicles, sensors, digital imaging technology, and a digital platform for data visualization. Established in 2020, Argeo provides comprehensive lifecycle services such as survey, inspection, maintenance, and repair to enhance efficiency and reduce carbon footprints for global clients. The company has offices in Asker, Edinburgh, Houston, and Rio de Janeiro and is listed on Euronext Oslo Børs under the ticker ARGEO.
YTD Price Performance: 25.44%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €46.9M
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