News & Reports
ANNUAL REPORT and SUSTAINABILITY REPORT
Haugesund, 1 April 2022: Reach Subsea ASA has today published its Annual Report and Sustainability Report for 2021. The annual accounts and reports were approved by the Board of Directors on the 31 March 2022. The numbers are identical to the preliminary 2021 accounts published as part of the Reach Subsea ASA fourth quarter 2021 […]
Contract signed with Kongsberg Maritime to build the first two game changing Reach Remote unmanned offshore vessels
Haugesund, 13 April 2022: Reach Subsea ASA (“Reach”), a provider of subsea services globally, has signed a landmark contract with Kongsberg Maritime AS, part of the Kongsberg Group, for the construction of the first two in a series of Reach Remote unmanned offshore surface vessels (USVs), which will serve as mobile power banks, data centres […]
Contract awards
Reach Subsea has, together with MMT, been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 450 project days. The projects involve both inspection, survey and construction support work across Europe and the Americas, for major operators in both the oil & gas and renewables sectors. With the addition of these contracts, our schedule […]
Contract Update
Breaktrough in US offhore wind Reference is made to the stock exchange release from 24 April 2020, where Reach Subsea ASA (“Reach”) notifies about contract awards representing 450 project days. We are pleased to now disclose that one of the contracts included in said release represents a breakthrough in the US offshore wind markets, through […]
Contract award
Reach Subsea ASA (“Reach”) has been awarded a contract from a new tier 1 client involving 50 project days of survey and construction support in the North Sea. The project will be executed together with our cooperation partner MMT Sweden during the summer season with planned use of the Topaz Tiamat for this project. Reach […]
Reach Subsea secures modern fit-for-purpose vessel capacity
Reach Subsea ASA (“Reach”) has had a busy 2020, despite market turbulence, and have over the last years been awarded several important frame agreements for Survey, IMR and light construction within both the renewable and oil and gas sector. Against a backdrop of expected increase in activity, and in order to replace the subsea vessel […]
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REACH SUBSEA ASA conclude long term charter with Solstad Offshore ASA
Reach Subsea ASA has signed a long-term charter with Solstad Offshore ASA (SOFF) for a Construction Support Vessel (CSV) of design OSCV 03. The vessel will be built by STX OSV AS and is due for delivery 2nd quarter of 2014. The charter is for 5 years firm period with extension options for 3×1 years. […]
LOI award from COSL
Reach Subsea AS has received a letter from COSL Offshore Management AS stating that it is COSL intention to award Reach Subsea AS a Frame Agreement for ROV Services related to the accommodation rig COSLRigmar presently working in the Ekofisk field. The Frame Agreement will be firm for 3 years with further 2 * 1 […]
Joint Venture with MMT
Reach Subsea AS in Haugesund Norway, an integrated Subsea Service Provider and Marin Mätteknik AB in Gøteborg Sweden, a Hydrographic Survey Company, have signed a Letter of Intent for the purpose of establishing a new Joint Venture within Offshore Survey Operations. The Parties have for some time, together with the engineering company Kystdesign AS, developed […]
Awarded two contracts
Reach Subsea has been awarded two new contracts for light construction subsea work in the North Sea. The company will use the chartered in vessel Bourbon Emerald with Reach Subsea’s own ROV-systems and offshore personnel on board. The contracts also include engineering and will secure utilisation for the vessel for approximately 14 days.