News & Reports

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 […]

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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 […]

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Invitation to presentation of the fourth quarter and preliminary full year 2023 results

Haugesund, 08 February 2024 – Reach Subsea ASA will publish its financial results for the fourth quarter and preliminary full year 2023 on Wednesday 14 February 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 […]

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Reach Subsea – Expanding orderbook with several contract awards

Haugesund, 19 January 2024: Reach Subsea ASA offering high quality solutions andtechnology to clients in need of ocean data and services, continues to increaseorder backlog after securing multiple new contracts, contract extensions andCall-offs within the scope of our existing frame agreements in the North Sea andthe Americas region. Reach Subsea has secured contracts with an […]

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Reach Subsea – notice of contract award with Equinor for services in Brazil and expansion of order backlog

Haugesund, 12 December 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has together with its Brazilian partner OceanPact received a notice of contract award from Equinor for combined light construction, IMR (inspection, maintenance, and repair) and survey services on the Peregrino field offshore Brazil. The specific project has a […]

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Equinor extending multi-year frame agreement using gWatch

Reach Subsea, offering high-quality solutions and technology to clients in need of ocean data and services, is pleased to announce the extension of its exclusive frame agreement with Equinor for delivering gWatch services. Reach Subsea’s gWatch technology is an advanced 4D gravimetry-based survey method that deliver accurate data quality while minimizing the impact on the […]

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Reach Subsea – Further increased capacity through long-term contract for an innovative IMR/Survey vessel

Haugesund, 09 November 2023: Reach Subsea , the trusted data and subsea service provider for ocean-based industries, has signed an attractive three or five-year charter contract and additional options with Agalas for a modern IMR/Survey vessel with low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to […]

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Reach Subsea ASA – Q3 2023: Strong growth in revenue and profitability, continued positive outlook

Haugesund, 7 November 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, today published its third quarter 2023 results with solid revenue and profitability growth. Revenue grew by 79 percent to NOK 651 million, whereas EBIT was NOK 112 million, compared to NOK 58 million in Q3 2022, with EBIT […]

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Invitation to presentation of the third quarter 2023 results

Haugesund, 31 October 2023 – Reach Subsea ASA will publish its financial results for the third quarter of 2023 on Tuesday 07 November 2023 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: […]

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Reach Subsea has now signed survey contract with major Scottish energy firm SSEN Transmission

Haugesund, 10 October 2023: With reference to the release dated 17 August 2023 regarding notice of a contract award, Reach Subsea, the trusted data and subsea service provider for ocean-based industries, announces the signing of the final contract and further details on the assignment. The contract constitutes a detailed corridor survey for the Spittal to […]

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Reach Subsea ASA – Obtaining strong Australian market access and world-leading survey capabilities by acquiring Guardian Geomatics

Haugesund, 06 October 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has entered into an agreement to acquire 100 percent of the shares of the Australian marine survey company Guardian Geomatics PTY. LTD. I am extremely happy to welcome Guardian Geomatics into the Reach Subsea family. With Guardian’s market […]

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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. […]

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