CONTRACT AWARD

Published: April 30, 2020

Reach Subsea ASA (“Reach”) has been awarded a contract from a new tier 1 client involving 50 project days of survey and construction support in the North Sea. The project will be executed together with our cooperation partner MMT Sweden during the summer season with planned use of the Topaz Tiamat for this project. 

Reach now has approximately 800 project days (about 1,400 ROV days) for 2020 execution, and about 250 project days (400 ROV days) for 2021 execution. 

 

Jostein Alendal, CEO of Reach, comments: “We are pleased to be awarded a sizeable contract in these uncertain times, which also comes from a new client for us. Our history of quality execution is proving to be an asset in a time where clients can not afford mistakes to be made.”