JOINT VENTURE AGREEMENT WITH MMT

Published: April 2, 2014

Reach Subsea ASA (Reach) has signed an agreement with
MMT (prev. Marin Mätteknik) in Gothenburg for
cooperation on Offshore Survey and ROV services. The
collaboration has already resulted in multiple
operations for the vessel Stril Explorer and the
companies have bid on number of tenders.

Reach and MMT also collaborate on the construction
and marketing of a new, innovative high-speed ROV,
called “Surveyor”. The vehicle is expected to be
completed towards the summer of 2014 and is scheduled
for mobilization on board Stril Explorer. The first
test period will be supported financially by a
potential end user.