A week ago, Norwegian surveyor Argeo announced it would be filing for bankruptcy due to a challenging financial position. Now, the company is in discussions with interested parties, working out a deal to keep the firm going. When Argeo announced it would be filing for bankruptcy, it stated that its Norwegian subsidiaries – Argeo Survey, Argeo Robotics, and Argeo Multiclient – would also file for bankruptcy. Its Scottish, Singapore, and the US subsidiaries were supposed to follow suit. Also, Argeo Survey received notifications of charter termination and repossession from the owners of the Argeo Searcher and Argeo Venture vessels. In an all-out bad situation, the company saw no other way apart from bankruptcy. A week before, Argeo said that it did not have any work secured for its vessels and AUVs until the second half of 2026, and that it has not been successful in attracting equity or other funding despite “relentless efforts” to do so. However, two days after the announcement, Argeo said it was suspending its decision to file for bankruptcy due to an indication of interest from a “significant industrial player”. This was followed by a statement on Friday, July 11, in which the company said that it received more than one indication of interest, without revealing any names. According to the Norwegian surveyor, they expressed their interest in conducting transactions involving Argeo and all or substantial parts of its subsidiaries. “The company continues pursuing such interest to the extent and as long as it is deemed to represent a realistic opportunity for the company to secure sufficient funding within a realistic time period,” Argeo said. The firm was realistic and said that there were no guarantees that any of the processes would succeed, and that it would continue with the bankruptcy filing if the process failed. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway