Haugesund, 01 July 2025 – Reach Subsea ASA (“Reach”) announces increased order backlog after securing multiple new contracts and call-offs within the scope of our existing frame agreements in the North Sea and European regions. Estimated total value of these contracts is NOK 370 million, commencing in Q3 and Q4 2025.
Included in the order backlog is an award by Equinor for the unmanned vessel Reach Remote. This contract includes a number of initial survey and IMR work packages focused on remotely operated vehicle (ROV) across multiple sites in the North Sea and the Norwegian Sea. These survey and IMR scopes will leverage the proven capabilities of the Reach Remote spread both for survey and IMR.
We are pleased to report success in securing contracts across multiple markets and regions and to see Reach Remote playing its natural role in our schedule of diverse subsea campaigns
Jostein Alendal, CEO of Reach Subsea.
-ENDS-
For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no
About Reach Subsea
Our services are delivered through a fleet of vessels, supported by offices in Norway, Sweden, the UK, the US, Brazil, Trinidad, Australia, and Singapore. We currently employ close to 500 people across both offshore and onshore locations. The company operates a wide range of work and survey ROVs from its fleet of vessels, ranging from smaller survey, IMR, to light construction vessels. Operations are performed by highly qualified offshore personnel and supported by competent onshore engineering resources. The Group’s objective is to offer high quality solutions and technology to clients in need of ocean data and services. Our vision,’Sustainable access to ocean space,’ underpins our commitment to developing sustainable solutions while carefully balancing the interests of all our stakeholder groups.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Communications and Marketing Director at Reach Subsea AS on the time and date provided.