Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software, successfully completed its initial 2024 Gulf of Mexico (GOM) survey scope for Shell Exploration and Production Inc ("Shell"), a subsidiary of Shell plc (NYSE: SHEL), an international energy company based in the United Kingdom. The successful completion of this work combined with the submission of a final report completes the initial 2024 scope for the service contract awarded in 2023.
The project covered inactive and active assets off the Louisiana coast. All testing was completed autonomously without a tether at depths up to 1000 meters. A detailed analysis of the results is underway.
Nauticus Robotics' CEO and President, John Gibson, commented, "This project continues the significant transformation of our company to sustainable, commercial operations. We have successfully demonstrated a viable product without tether on an active field in a deepwater environment. In light of this and similar demonstrations, our 2025 pipeline for commercial work is filling. We are grateful to Shell for the opportunity to show the capabilities of our technologies and services under real-time operating conditions."
