News & Reports
COOPERATION AGREEMENT WITH AIBEL
Aibel AS and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures and other offshore installations. Aibel and Reach Subsea are operating within the same market segments, however with a different client base and contracting […]
UPDATED PROSPECTUS
Updated prospectus is available on Financial reports page. Reference is made to the stock exchange announcement by Reach Subsea ASA (“Reach” or the “Company”) published on 30 May 2016 regarding the general meeting in the Company approving a private placement of 15,000,000 new shares. The Norwegian Financial Supervisory Authority (the “NFSA”) has approved the […]
Black Sea Maritime Archaeological Project
Black Sea Maritime Archaeological Project engages MMT to research the mysterious seafloor of The Black Sea. The primary survey tool will be the SROV “Surveyor Interceptor”, jointly owned and operated by MMT and Reach Subsea. The SROV is piloted by Reach Subsea personnel. Read more in MMT’s press release.
Surveyor ROV sets new records
Black Sea Maritime Archaelogical project successfully completed. Surveyor ROV set new records for sustained speed of 6 knots, and depth record of 1800 meters. Read more in MMT’s press release.
COMPLETED PRIVATE PLACEMENT
Reference is made to announcements on 12 January 2017, concerning a contemplated private placement in Reach Subsea ASA (“REACH” or the “Company”). The Company is pleased to announce that it has received binding orders for subscription of and have allotted 48,609,900 shares (the “New Shares”) at the price of NOK 1.75, corresponding to gross proceeds […]
EXTRAORDINARY GENERAL MEETING
Extraordinary General Meeting will take place February 7th 2017. Location: Garpeskjærvegen 2, Haugesund. Time: 09:00 hours. Notice of Extraordinary General Meeting For further information, please contact: Birgitte W. Johansen
Edda Fonn contract
Mediterranean Pipeline Inspection project With reference to our press release 01.02.2017 regarding a new contract for Edda Fonn, we are pleased to share some more details about the project. MMT has entered into a contract with Medgaz in Spain for inspection of the offshore pipeline between Algerie and Spain. The project will be performed within […]
UPDATED PROSPECTUS
Updated prospectus is available on Financial reports page. Reach Subsea ASA – approved prospectus and launch of subsequent offering Reference is made to previous announcements from Reach Subsea ASA (the “Company“). The Financial Supervisory Authority of Norway has approved a prospectus prepared by the Company covering the listing of 48,609,900 new shares (the […]
SURVEYOR ROV #2
On May 4th 2017, MMT, Reach Subsea and Kystdesign signed a contract for the delivery of Surveyor Interceptor #2 Ola Oskarsson, Founder & CTO MMT Sweden, comments: “We have an exciting development ahead of us with new solutions to our clients and always to the highest speed and data quality. Follow our development of Surveyor […]
Normand Reach has arrived at Aukra
Reach’ site team (Jon and Bart) welcomed Normand Reach to Aukra where she is safely moored and ready for outfit.
Contract awards and increased fleet for Reach Subsea
REACH – Charter agreements Reach Subsea has signed an agreement with the Myklebusthaug group for MPSV “Dina Star”. The agreement includes an instalment of a 150T subsea crane and Reach mobilization of ROV and personnel on board for use in Reach’s offshore lightweight construction support projects. The vessel will be operated in cooperation with Myklebusthaug. Duration […]
4th quarter report 2013
Please find enclosed consolidated report for the fourth quarter 2013 for Reach Subsea ASA. HIGHLIGHTS * REACH completed the planned offshore operations with Bourbon Emerald in the fourth quarter. REACH signed a 2 year contract + 2 yearly options to extend with DOF Subsea for provision of the vessel Normand Reach with ROVs and offshore […]