Asker, 17.04.2024 Argeo is pleased to announce having signed a contract with
Woodside Energy to execute the 2024 AUV geophysical survey for the deepwater
Calypso field in Trinidad and Tobago.

The work will be carried out by Argeo Searcher with commencement in Q3 2024 and
the project will occupy the vessel for approximately 60 days, not including any
additional work. The Calypso field is located approximately 225 km off the East
coast of Trinidad in ~2,100m water depth.

"This contract ignites our Caribbean and South American campaign to provide
top-tier deep-water services within the North and South Americas (NSA)
geomarket" states Argeo CEO, Trond Figenschou Crantz. 

"This is an important and significant award for Argeo, and we very much look
forward to demonstrating our capabilities and expertise to Woodside on this
project" states Argeo VP NSA, Dave Gentle.


For more information, please contact:

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

About Argeo

Argeo is an Offshore Service company with a mission to transform the ocean
surveying and inspection industry by utilizing autonomous surface and underwater
robotics solutions. Equipped with unique sensors and advanced digital imaging
technology, the Autonomous Underwater Vehicles (AUV's) will significantly
increase efficiency and imaging quality in addition to contributing to
significant reduction in CO2 emissions from operations for the global industry
in which the Company operates. 

The Company's highly accurate digital models and digital twin solutions are
based on geophysical, hydrographic, and geological methods from shallow waters
to the deepest oceans for the market segments Oil & Gas, Renewables, Marine
Minerals and Offshore Installations. Argeo was established in 2017 and has
offices in Asker (Oslo), Tromsø, Stockholm, Edinburgh, Houston, Rio de Janeiro,
and Singapore. Since its incorporation, Argeo has carried out complex projects
for some of Norway's largest companies in the field. 

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO. 

Please visit www.argeo.no for more information.