Reach Subsea AS announced today that the company has signed a Letter of Intent with DOF Subsea in Norway for the charter of Normand Reach for a 2 year firm contract with 2 yearly options. Reach Subsea shall provide subsea services including 2 Reach Subsea WorkROV systems and personnel to DOF Subsea from the newbuild MPSV Normand Reach, as from delivery from the yard in end may next year. Normand Reach will be working under a 5 year contract for Reach Subsea AS from next year. Solstad Offshore is the owner of Normand Reach. Normand Reach will be used mainly in the North Sea by DOF Subsea on their subsea projects as from delivery from the yard. The contract represents an important step for Reach Subsea in building up an integrated subsea service company in Norway. Kåre Johannes Lie, the CEO of Reach Subsea AS said : ” We are delighted to win this important contract with DOF Subsea, and we look forward to work together with them onboard our flagship Normand Reach for the years to come ”
Further information about the contract is given in the Third quarter report including presentation materials.