News, Reports & Papers
Unlocking enhanced value in 4D Seismic with Reach Subsea’s DepthWatch technology: insights from Reach Subsea and Shell
Reservoir monitoring plays a pivotal role in enhancing the efficiency of hydrocarbon production. The acquisition of time-lapse subsurface imagery is instrumental in pinpointing untapped reserves and refining the extraction process. Among the most commonly employed technologies for subsurface imaging is 4D seismic. The integration of Reach Subsea’s DepthWatch service into 4D seismic surveys significantly enhances […]
Reach Subsea ASA: Exercising option for the subsea vessel Havila Subsea
Haugesund, 31.08.2023: Reach Subsea ASA has extended an option with Havila Shipping for the vessel Havila Subsea, for a fixed period of 1 year. The existing contract for Havila Subsea lasts until 31.12.23 and includes an option for 1 year, which has now been exercised. Following the exercise, the Havila Subsea is chartered until 31.12.2024. […]
A new potential source of information to improve our understanding of earthquakes
Authors: Stine Lines, Kjersti Boge Christensen and Bjarte Fagerås, GCE Ocean Technology Reach Subsea is pioneering a new and innovative source of data with application to earthquake hazard and risk reduction. Earthquakes have long captured our fascination and fear, shaking the ground beneath our feet and reshaping landscapes in an instant. Vast resources are invested […]
Reach Subsea ASA – Q2 2023: Continued strong growth in revenue, profitability and order book
Haugesund, 23 August 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, today published record high revenue and EBIT for the second quarter of 2023. Revenue grew by 78 percent to NOK 636 million, whereas EBIT was NOK 148 million, a growth of 138 percent adjusted for a one-off sales […]
Invitation to presentation of the second quarter 2023 results
Haugesund, 21 August 2023 – Reach Subsea ASA will publish its financial results for the second quarter of 2023 on Wednesday 23 August May 2023 at 07:00 CEST. 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 CEST. […]
Reach Subsea notice of contract award
Haugesund, 17 August 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has received a notice of contract award, subject to successful contract negotiation, from a major European energy provider. The potential contract has a duration of approximately 75 vessel days and is scheduled for execution in the fourth quarter […]
Subsea vessel Olympic Triton chartered for 3 years plus 2 years options
Haugesund, 30 May 2023: Reach Subsea continues to build long-term capacity to serve the growing market for subsea services. Following a six-month charter of the multifunctional subsea support and construction vessel Olympic Triton, announced 6 February 2023, Reach Subsea has exercised the option to charter the vessel for 3 years plus 2 yearly options, including […]
Reach Subsea ASA – Q1 2023: Continued strong growth and record-high order book
Haugesund, 9 May 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, today published record high revenue and and an improved EBIT for the first quarter of 2023. Revenue grew by 81 percent to NOK 234 million, and the order backlog grew 133 percent to a record-high NOK 815 million. […]
Invitation to presentation of the first quarter results for 2023
Haugesund, 05 May 2023 – Reach Subsea ASA will publish its financial results for the first quarter 2023 on Tuesday 9 May 2023 at 07:00 CEST. 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 CEST. Date: 09 […]
Five months plus options offshore wind contract with tier one renewable energy company
Haugesund, 2 May 2023 – Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has been awarded a five months plus options contract with a major renewable energy company for delivery of offshore wind related services. The subsea vessel Deep Cygnus will be utilized on the project, which will commence project […]
Sustainability Report 2022
To get a complete overview of our Sustainability goals, please download our Sustainability Reports here:
Annual Report and Sustainability Report 2022
Haugesund, 31 March 2023 Reach Subsea ASA has today published its Annual Report and Sustainability Report for 2022. The annual accounts and reports were approved by the Board of Directors on the 28 March 2023. The numbers are identical to the preliminary 2022 accounts published as part of the Reach Subsea ASA fourth quarter 2022 […]