Page 7: of Marine Technology Magazine (September 2024)

ing the ? nal product to customers. cated in Norway, in addition to of? ces of Argeo, and has 20 + years’ experience

The near-zero turnaround time allows in Edinburgh, Rio de Janeiro and Sin- from global technical, operational and stakeholders to make quicker, more in- gapore to remain close to its customers. commercial leadership roles in Schlum- formed decisions, optimizing project Trond Crantz is the CEO and founder berger and PGS.

outcomes. The intuitive visualization of complex data helps decision-makers grasp essential insights quickly, ensur- ing better-informed choices and more effective project execution. This ef? - ciency also translates into reduced CO2 emissions, and the advanced technolo- gy enhances safety by reducing Health, &XVWRP8QGHUZDWHU

Safety, and Environment (HSE) risks.

Argeo has, so far, successfully secured &DEOH(QJLQHHULQJ six patents in the ? eld of subsea electro- magnetic and acoustic sensor technolo- 0DQXIDFWXULQJ gies, demonstrating their commitment to innovation.

Argeo’s clients include energy com- panies, government authorities, and others authorized to map the seabed including blue-chip companies like To- talEnergies, Shell, RWE, Equinor and

Woodside Energy.

RWE Canopy ? oating wind is an example of a hallmark renewables project executed by Argeo. The Can- opy Offshore Wind Farm project off the coast of Northern California is a key milestone in the development of

RWE’s ? rst commercial scale ? oating offshore wind farm.

The TotalEnergies Namibia Venus project with Argeo Venture is another high-performance project where Argeo is delivering both geophysical and geo- technical services in ultra deep waters.

Solid performance, organic growth

Argeo has a track-record of solid op- erational performance and high utiliza-

UKYOUiU&U=H7K'8UKYOUiU&U=H7K'8 tion of its ships and AUV’s. Its growth

U&8=2="ihHKUO!=KñòiKOU&8=2="ihHKUO!=KñòiKO is steep and consistent. For the second quarter it reported that revenue had im- proved to $15.7 million, marking an in- crease of 1037% year-over-year. EBIT- ìCôðìcñðôCíìóî

DA rose to $4.2 million, alongside an

Ár¤?ÁJÁ¯ËÇ?~rÛr~¤?ö¯© improved EBIT of $1.6 million.

The company has grown to 100 em-

Á¯ËÇ?~rÛr~¤?ö¯© ployees in total, with headquarters lo- www.marinetechnologynews.com 7

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