The Risk Intelligence consultancy arm, Advisory Services, has completed a major project, working with DeepOcean to provide the full spectrum of support; from initial threat reports, through vessel and crew preparation and now assistance to the Master on the bridge of a DeepOcean vessel during a subsea survey operation off Libya. The project began in Q3 2022 and has already delivered revenue in Q3 & Q4 2022, with the majority of revenue due in Q1 2023.

The maritime area in proximity of Libya is a complex operating environment where issues can develop quickly - if they are dealt with swiftly and professionally the impact on the operation can be dramatically reduced. Risk Intelligence now provides this assistance to DeepOcean for the second time, a testament to the quality of the service provided by the Advisory Services team and the value of their professional knowledge and conduct.

DeepOcean is a world-leading ocean services provider, enabling the energy transition and sustainable use of ocean resources. A technology-driven, independent solution provider, DeepOcean delivers surveys, engineering, project management, installation, maintenance and recycling to offshore renewables companies, energy majors and non-energy niches.

CCO of Risk Intelligence, Jim Pascoe, says:
"It's been a great pleasure to be working with the DeepOcean team again. Our consultants deployed to perform a security survey whilst the vessel was operating in the North Sea in order to prepare the ship and its crew for the work off the coast of Libya. Having our Advisory Services team on-board has allowed the Master to focus on the operation of the vessel and the completion of the task. The Bridge Advisors provide not only an extra pair of eyes but also bring with them a wealth of experience should there be any security or migrant issues."

The contract will not change the guidance.

About Risk Intelligence
Risk Intelligence is a security risk intelligence provider delivering security threat and risk analysis to clients all over the world via the cloud-based Risk Intelligence System, as well as consulting services. A large part of Risk Intelligence's clients is maritime, and these clients currently operate more than 15.4% of the global merchant fleet.

With its headquarters in Hellerup (Copenhagen), Denmark, an office in Singapore, and locations in North America, the dedicated staff of Risk Intelligence works in all major time zones to support their clients' operations. Since 2018, the company has been listed on the Spotlight Stock Exchange in Stockholm.

The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital solution is designed based on insights directly from customers and their needs as well as Risk Intelligence's experienced security risk analysts and developers' knowledge of intelligence and assessment needs.

The Risk Intelligence System offers clients a complete picture of immediate, short-, and medium-term security risks for coastal areas, ocean, port, and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts, and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area, while at the same time providing 24/7/365 situational awareness with incident reports and alerts. This enables companies to evaluate both current and future security risks in real time and to minimise risks across their operations.

For more information on services and the Risk Intelligence System:
Please watch our corporate video: Knowing Risk (https://riskintelligence.eu/about-risk-intelligence)