Argeo
About
About Argeo
Argeo conducts offshore surveys and inspections with autonomous underwater and surface vehicles deployed from its specialist vessels. Its fleet includes Hugin 1000, Hugin Superior and deep-rated Hugin 6000 AUVs, alongside the Argus uncrewed surface vessel. These platforms carry acoustic, optical and electromagnetic instruments for seabed mapping, pipeline inspection, cable-route work and marine-mineral assessment.
Autonomous missions collect stable, high-density datasets over larger areas than conventional tethered inspection alone, with operations extending to depths of 6,000 metres. Argeo combines vehicle deployment, sensor integration, positioning, processing and visualisation as a service for offshore oil and gas, renewable-energy infrastructure and mineral exploration. Survey vessels provide launch, recovery and mission control while digital workflows turn the collected data into engineering and asset-integrity deliverables.
Supply
Supply chain relationships
- KONGSBERG
Inbound - Oem Builders - Argeo formally signed contracts to purchase three KONGSBERG HUGIN AUVs for its survey fleet
Source
Team
- Joost Bakker - Interim CEO and COO - Leads Argeo's executive operations for autonomous ocean-space survey and subsea robotics services.
- Odd Erik Rudshaug - CFO - Leads finance for Argeo's subsea survey and ocean-data operations.
- Thorbjørn Rekdal - CTO - Owns technical leadership for Argeo's ocean-data, robotics-enabled survey and autonomous inspection capabilities.
Timeline
Events
- 2025-08-14 - Regulatory - Argeo ASA shares are delisted from Oslo Børs
August 13 was the last trading day on Nasdaq Stockholm's First North NOK segment. The affected security carried ISIN NO0013257410 and the Nasdaq short name ARGEOo.
Source - 2025-07-24 - Org Change - Norwegian court opens bankruptcy proceedings for Argeo group
Asker og Bærum District Court opened bankruptcy proceedings on July 24, 2025. The proceedings covered Argeo ASA and Norwegian subsidiaries Argeo Survey AS, Argeo Robotics AS and Argeo Multiclient AS. Argeo directed bankruptcy inquiries to the court-appointed estate trustee at Kco Advokater.
Source - 2023-11-13 - Commercial Order - Argeo formally signs contracts for three KONGSBERG HUGIN AUVs
Argeo formally signed the three vehicle contracts at Kongsberg's Horten premises on November 13, 2023. The order comprised two HUGIN Superior AUVs and one HUGIN 6000, financed through a four-year lease with CSI Leasing. Argeo expected the deliveries to expand its AUV fleet to seven vehicles by 2025.
Source - 2023-09-20 - Commercial Order - Argeo signs letter of intent for three Kongsberg HUGIN AUVs
The letter of intent covered two HUGIN Superior AUVs and one HUGIN 6000 AUV from Kongsberg. Argeo scheduled the first HUGIN Superior for early Q4 2023, the second for Q1 2024 and the HUGIN 6000 for Q1 2025. The proposed four-year lease financing was valued at $25 million and remained subject to board approval and final signing.
Source - 2023-04-25 - Contract Award - Argeo extends HUGIN 6000 AUV project to March 2024
The HUGIN 6000 project began on September 1, 2022 with a six-month guaranteed term and a six-month extension option. Argeo extended the project to March 1, 2024 with a minimum initial extension value of $2 million, subject to additional utilization. The containerized system included launch-and-recovery and operating-system containers for deployment across Argeo customer projects.
Source
Context
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Shared workflows
- EyeROV
workflow adjacency - Subsea Inspection
- DroneQ Robotics
workflow adjacency - Subsea Inspection
- Saipem
workflow adjacency - Subsea Inspection
- Boxfish Robotics
workflow adjacency - Subsea Inspection
- Copsys Technologies
workflow adjacency - Subsea Inspection
- Blueprint Subsea
workflow adjacency - Subsea Inspection
- HydroSurv
workflow adjacency - Subsea Inspection
- SubC Imaging
workflow adjacency - Subsea Inspection
- Vision iO
workflow adjacency - Subsea Inspection
- Aquatonomy
workflow adjacency - Subsea Inspection
Context tags
- Subsea inspection - Workflow - Profile source supports this robotics context.
- Subsea robotics ecosystem - Stack Layer - Profile source supports this robotics context.
- Underwater robotics builder - Stack Layer - Profile source supports this robotics context.
Commercial
- Argeo formally signs contracts for three KONGSBERG HUGIN AUVs
2023-11-13 · Order / contract · Argeo formally signed contracts for two HUGIN Superior AUVs and one HUGIN 6000 under a four-year CSI Leasing arrangement.
Source - Argeo signs letter of intent for three Kongsberg HUGIN AUVs
2023-09-20 · Order / contract · Argeo announced a conditional letter of intent for two HUGIN Superior AUVs and one HUGIN 6000, backed by proposed four-year lease financing.
Source - Argeo extends HUGIN 6000 AUV project to March 2024
2023-04-25 · Order / contract · Argeo extended a HUGIN 6000 AUV project to March 1, 2024, with a minimum initial extension value of $2 million plus possible added utilization.
Source