Norway Procurement News Notice - 61796

Procurement News Notice

PNN 61796
Work Detail Norwegian surveyor Argeo has signed a $39m contract with an international energy company for work offshore Africa. Argeo was initially awarded a conditional letter of award for the project subject to a final contract agreement. Now that the deal is formal, the company confirmed that it will be mobilising its Argeo Venture vessel for the project upon completion of reactivation and upgrade work. The project will last some nine months which means the vessel will be busy for the remainder of 2024. “This contract affirms our capability to provide top-tier deep-water services and highlights our strong presence within the industry,” said Argeo CEO Trond Figenschou Crantz. The company took delivery of the Argeo Venture in November of last year from compatriot offshore seismic specialist Shearwater GeoServices. It bought the vessel, formerly the SW Bell and Polarcus Nadia, from Shearwater in September 2023 for $6m in cash and about 20.1m shares in Argeo.
Country Norway , Northern Europe
Industry Energy & Power
Entry Date 15 Mar 2024

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