Contract award with Technip

With reference to announcement of letter of award on 24th October 2014, Eidesvik Offshore and Reach Subsea have in partnership entered into a firm contract with Technip in Norway.

Reach will execute the contract using Eidesvik Offshore’s newbuild TBN Viking Neptun, equipped with Reach ROVs and manned by Eidesvik marine personnel and Reach ROV personnel and engineers.

TBN Viking Neptun is a state of the art vessel, and represents the largest investment Eidesvik has done in the subsea segment. The vessel is well positioned for future environmental requirements in vulnerable areas like the Arctic, through high focus on environmental friendly solutions in the development process of the vessel.

CEO Jostein Alendal says: “We are pleased to see that the collaboration agreement with Eidesvik has already resulted in contract awards. This is a testament to our ambition of finding solutions for our clients combining the right assets, the right equipment, and all engineered together by our highly competent staff.”

“This is a historic milestone for Eidesvik, and we are proud that Technip, a world leader in project management, engineering and construction for the energy industry, has showed us such trust. This is consolidating the business cooperation between our companies”, says Jan Fredrik Meling, CEO in Eidesvik.

For further information, please contact: Birgitte Wendelbo Johansen (CFO): +47 99 45 12 79