Argeo ASA announced the completion of the Venus project for TotalEnergies in Namibia on 14 March 2025, after a duration extending nearly 10 months due to unforeseen delays. The project, valued at USD 39 million, involved extensive data collection to deliver quality deep-water services, confirming Argeo’s expertise in integrated geophysical and geotechnical projects.
Argeo ASA, based in Asker, is pleased to announce the successful completion of the TotalEnergies Venus project in Namibia, which was finalized on 14 March 2025. The project, contracted at USD 39 million, involved the Argeo Venture, which is currently demobilizing in Walvis Bay, expected to conclude by 23 March. The venture initiated operations on 20 May 2024 after traveling from Norway.
The project duration extended to nearly 10 months due to unforeseen delays related to an extended yard stay and adverse weather conditions. The Argeo Venture achieved significant milestones, gathering over 7,000 line kilometers of AUV geophysical data and nearly 200 geotechnical samples from depths exceeding 3,000 meters.
This contract not only showcases Argeo’s capacity for delivering high-quality deep-water services but also emphasizes its proficiency in executing integrated projects combining geophysical and geotechnical evaluations, wherein data is processed onboard in a streamlined manner.
In conclusion, Argeo ASA has successfully completed the TotalEnergies Venus project, underscoring its robust capabilities in deep-water service provision. Despite unforeseen delays, the project has proven Argeo’s expertise in integrated data collection and processing. The Company continues to enhance its reputation in the subsea sector while establishing a foothold in various industrial domains.
Original Source: www.tradingview.com
