News & Reports
Reach Subsea ASA – Annual and Sustainability Report 2023
Haugesund, 19 April 2024 – Reach Subsea ASA has today published its Annual and Sustainability Report for 2023.
Reach Subsea invests in local suppliers
On the 20 March Reach Subsea announced that it has ordered two new work-class ROVs of the ‘Constructor’ type from Kystdesign AS, with delivery scheduled for May 2024. The ‘Constructor’ is a powerful ROV designed to carry and operate large tools and modules and has a depth rating of 3000 meters. After delivery, the ROVs […]
Reach Subsea Expands Fleet: Charter Option Lifted and Two New Constructor ROVs Ordered
Haugesund, 20 March 2024: Reference is made to the 12 February 2024 stock exchange release, where Reach Subsea ASA (“Reach Subsea” or “Reach”) announced a 100 day project charter for the subsea vessel Olympic Taurus, with extension options for 2+1+1 years. Reach Subsea has now extended the charter for an additional 2 years and retain options […]
Reach Subsea ASA – Q4 2023 Record high numbers and strong outlook
Haugesund, 14 February 2023: Reach Subsea ASA, offering high quality solutions and technology to clients in need of ocean data and services, today published its fourth quarter 2023 results with solid revenue and profitability growth. Revenue for the quarter grew by 45 percent to NOK 474 million, whereas EBIT grew by 130 percent to NOK […]
Reach Subsea – Increasing Project Capacity through Charter Arrangements
Haugesund, 12 February 2024: Reach Subsea ASA offering high quality solutions and technology to clients in need of ocean data and services, continues to bolster its long-term capabilities to meet the increasing demand in the subsea services market. Reach has expanded its capacity by securing charters for both the Northern Maria and Olympic Taurus. For […]
Invitation to presentation of the fourth quarter and preliminary full year 2023 results
Haugesund, 08 February 2024 – Reach Subsea ASA will publish its financial results for the fourth quarter and preliminary full year 2023 on Wednesday 14 February 2024 at 07:00 CET. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at […]
Reach Subsea – Expanding orderbook with several contract awards
Haugesund, 19 January 2024: Reach Subsea ASA offering high quality solutions andtechnology to clients in need of ocean data and services, continues to increaseorder backlog after securing multiple new contracts, contract extensions andCall-offs within the scope of our existing frame agreements in the North Sea andthe Americas region. Reach Subsea has secured contracts with an […]
Code of Conduct 2024
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Reach Subsea – notice of contract award with Equinor for services in Brazil and expansion of order backlog
Haugesund, 12 December 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has together with its Brazilian partner OceanPact received a notice of contract award from Equinor for combined light construction, IMR (inspection, maintenance, and repair) and survey services on the Peregrino field offshore Brazil. The specific project has a […]
Equinor extending multi-year frame agreement using gWatch
Reach Subsea, offering high-quality solutions and technology to clients in need of ocean data and services, is pleased to announce the extension of its exclusive frame agreement with Equinor for delivering gWatch services. Reach Subsea’s gWatch technology is an advanced 4D gravimetry-based survey method that deliver accurate data quality while minimizing the impact on the […]
Reach Subsea – Further increased capacity through long-term contract for an innovative IMR/Survey vessel
Haugesund, 09 November 2023: Reach Subsea , the trusted data and subsea service provider for ocean-based industries, has signed an attractive three or five-year charter contract and additional options with Agalas for a modern IMR/Survey vessel with low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to […]
Reach Subsea ASA – Q3 2023: Strong growth in revenue and profitability, continued positive outlook
Haugesund, 7 November 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, today published its third quarter 2023 results with solid revenue and profitability growth. Revenue grew by 79 percent to NOK 651 million, whereas EBIT was NOK 112 million, compared to NOK 58 million in Q3 2022, with EBIT […]