Brief: Argeo Confirms Start Of Commercial Operations Of New System

Argeo ASA

06/09/2022 08:08

Sept 6 (Reuters) - Argeo AS  ARGEO.OL :
    * NEW HUGIN 6000 AUV SYSTEM STARTS COMMERCIAL WORK WITH A CONTRACT VALUED AT 4.5 MUSD
    * CONTRACT HAS A DURATION OF SIX MONTHS WITH AN OPTION TO EXTEND A FURTHER SIX MONTHS AND
ESTIMATED COMPLETION IN SECOND HALF OF 2023
    * TOTAL CONTRIBUTION FOR FULL 12 MONTHS IS 4.5 MUSD EBITDA.
    * SYSTEM IS ENROUTE TO PROJECT LOCATION WITH COMMENCEMENT OF OPERATIONS LATER IN SEPTEMBER

Source text for Eikon:  ID:nObijSbhpa 
Further company coverage:  ARGEO.OL 

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