News & Reports
Reach Subsea collaborates with Equinor for Reach Remote USV Qualification Program.
Haugesund, 21 June 2024: Reach Subsea AS has entered into an agreement with Equinor to conduct technology qualification program for the Reach Remote USVs. Reach Subsea’s USVs, Reach Remote 1 and 2, have entered the final testing stage. This contract confirms the qualification pilot program necessary to validate their intended operations, with financial support from […]
Reach Subsea Strengthens Order Backlog with New Contracts
Haugesund, 04 June 2024: Reach Subsea ASA continues to increase its order backlog after securing multiple new contracts, contract extensions and call-offs within the scope of our existing contracts and frame agreements. Reach Subsea has recently secured contracts with an estimated total value of 500 million NOK for 2024 and 2025. We are capitalizing on […]
Reach Subsea extended 3-year charter on Havila Subsea.
Haugesund, 03 June 2024: Reach Subsea ASA has entered an agreement with Havila Shipping ASA to extend the firm charter period for the IMR, survey and construction vessel Havila Subsea with 3 years until 31.12.2027. The contract includes additional options for 1 + 1 years. In a rising market, maintaining strong operational control over core […]
Reach Subsea Australia: Awarded First Survey Project under Renewed HIPP Deed
Reach Subsea Australia, is proud to announce the award of the first project under the renewed Hydroscheme Industry Partnership Panel (HIPP) deed. This prestigious project will cover the Cape Fourcroy region in the North-West of Australia. Cape Fourcroy Survey Details The survey will cover one area within the Timor Sea, west of Bathurst Island, extending […]
New Agreement Ensures International Cooperation in the Operation of Autonomous Ships
Norway recently announced in a press release that it has signed a new agreement with the United Kingdom, Belgium, Denmark, and the Netherlands to facilitate improved cooperation in the international operation of autonomous ships. Ref. Press release 10.05.2024 The purpose of the agreement is to simplify the operation of autonomous ships in the North Sea […]
Reach Subsea ASA – Q1 2024 Starting the year with new records.
Haugesund, 08 May 2024: Reach Subsea ASA, today published its first quarter 2024 results, once again marked by solid revenue and profitability growth. Revenue for the quarter grew by 146 percent to NOK 575 million, whereas EBIT reached NOK 29 million. Download report and presentation here:Reach Subsea ASA Q1 2024 ReportReach Subsea ASA Q1 2024 […]
Invitation to presentation of the first quarter 2024
Haugesund, 02 May 2024 – Reach Subsea ASA will publish its financial results for the first quarter 2024 on Wednesday 08 May 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 9:30 CET. Date: 08 […]
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 […]