News & Reports
RECRUITMENT – We’re hiring!
Reach Subsea needs more project personnel such as ROV-pilots, ROV-Supervisors, medics and riggers. Please apply on our web page and we will initiate contact with potential candidated. NB No job Applications must be sent to Reach Subsea employees, please use our database according to Our GDPR-policy. reachsubsea.no/careers/
4Q2014-results
REACH has in the 4th quarter achieved a total revenue of NOK 84.3 million and an EBITDA of NOK 6.8 million (8.1 %). Profit after tax is NOK 7.7 million. Preliminary net result for 2014 was NOK 24.8 million (8 %) with an EBITDA-margin of 11.1 % and 16.1 % return on equity. The full […]
Presentation 4Q2014
The attached presentation was given to investors and analysts in Oslo 24.02.2015. It is not considered to contain any undisclosed information. For further information, please do not hesitate to contact: Birgitte W Johansen, CFO Reach Subsea 4Q2014 Presentation
CONTRACT AWARD
Reach Subsea has entered into a contract with an international client for the vessel Edda Fonn. The operations in the Mediterranean will start first of April and the period is firm for 120 days, plus 60 days options. “We are satisfied with the contract award, that will improve the utilisation of the vessel for 2015 and gives us further […]
Gassco Press Release
Surveyor Interceptor recently finished her first Commercial job, and we are proud to link to Gassco’s own press release 🙂 . http://www.gassco.no/en/media/news-archive/Innovative-ROV-on-test1/
Annual Report 2014
The 2014 Annual Report is now available for download. Link: Annual Report 2014 If you have any questions, please contact: Birgitte W. Johansen (CFO)
CONTRACTS FOR EDDA FONN
Reach Subsea has, as a result of good Joint Venture cooperation with MMT Sweden AB, signed contracts for approximately 60 days for Edda Fonn in the North Sea. The work scope is primarily seabed mapping, light construction and seabed intervention. Further, Stril Explorer is expected to have high utilisation the same period. Commencement will be […]
CONTRACT FOR VIKING NEPTUN
Reference is made to Eidesvik Offshore ASA’s news release today, where MV Viking Neptun will perform work offshore Ghana for 50 days firm with options to extend for 50 days. Reach Subsea will perform the ROV services under this agreement, as part of the 3-year contract entered into with Eidesvik Offshore in October 2014. […]
CONTRACT NEWS FOR STRIL EXPLORER AND EDDA FONN
MMT Sweden and Reach Subsea contracted for an exciting offshore pilot project in Martinique We are pleased to announce the contract award for the OTEC (Ocean Thermal Energy Conversion) NEMO project by DCNS, a world leader in naval defence. Reach Subsea and MMT Sweden have, through the Joint Venture, entered into a contract for Stril […]
CONTRACT EXTENSIONS WITH EIDESVIK OFFSHORE
Reach Subsea has entered into contract extensions with Eidesvik Offshore. As a part of the cooperation agreement, Reach Subsea provides ROV and subsea services onboard the Viking Neptun also for the new contracts with Technip. Commencement is expected in the beginning of April on UK sector. Through these contracts, Viking Neptun has secured commitment […]
TAKING ACTIONS TO REMAIN COMPETITIVE
Reach Subsea has agreed on a comprehensive restructuring of its charter agreements, which will enable Reach to move forward with market based charter- in rates. Solstad Offshore and Østensjø Rederi will as part of the restructuring become new shareholders of Reach Subsea. Although the details of the agreement are confidential between the parties, we can […]
RESEARCH EXPEDITION WITH NTNU
Reach Subsea has entered into a firm contract with NTNU for the MarMine Project to complete a scientific research expedition on the mid-Atlantic ridge north of Jan Mayen, financed by the Research Council of Norway (RCN). The project will deploy ROV, AUV and grabs for seabed mapping and sampling for geological and biological research related […]