New contracts

Reach Subsea has entered into a charter party agreement with Bourbon for the MPSV “Bourbon Emerald” for 140 days + options.

The vessel will be equipped with the company’s own ROVs for operations in the North Sea and under the Joint Venture with Marin Mætteknik.
Further, Reach Subsea has entered into a contract with Petromarker for electromagnetic survey work. Total contract value is approximately NOK 30 million.

The work is expected commence in the third quarter of 2013.

Kåre Johannes Lie says that he is very satisfied with  the contracts, marking an important step establishing Reach as a subsea service provider.