News & Reports
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.
Nord Stream Awards Contract for External Inspection of the Pipeline
We refer to our press release 21.04.2017 and hereby provide further inforformation about the contract for Stril Explorer. PRESS RELEASE Nord Stream Awards Contract for External Inspection of the Pipeline to MMT Zug, May 18, 2017. MMT Sweden has been awarded a three-year contract by Nord Stream AG to inspect both lines of […]
Letter of Intent
Reach Subsea ASA has been awarded a Letter of Intent from a first class European contractor for a project with estimated duration of four months. Commencement will be in Q2 2017. A fleet expansion will be necessary to meet the requirements in the contract. The project will be executed together with our partner MMT Sweden AB.
Contract and vessel update
Reference is made to press release dated 12 June 2017 regarding a Letter of Intent (“LOI”) for a project with estimated duration of four months. As mentioned, the project would require a fleet expansion, and the DP2 subsea vessel M/V Olympic Delta, with two ROVs mobilised onboard, has been secured for execution of this project. […]
Unique antique shipwrecks detected in the Black Sea
Unique antique shipwrecks detected in the Black Sea On Tuesday 19th September, after more than a month out on the Black Sea, the third year of the Black Sea MAP marine archaeological project ends. The main objective of the project has been to map the submerged submarine landscapes along the Bulgarian coast. The water level […]
Surveyor II is well underway!
Reach Subsea and MMT Sweden are testing Surveyor II this week at Kystdesign AS’ new premises in Aksdal. Surveyor II has the same record breaking features within survey as our Surveyor Interceptor and is developed by our joint venture. The new, mobile vehicle will be ready for work during the first half 2018.
Contract award
MMT and Reach Subsea have been awarded a contract with a major oil company with start-up in February 2018. Work performed under the contract will include survey, light construction and engineering for one month with options. More information about the contract will be released upon agreement on wording with the client. For further information, please […]
Statoil frame agreement and contract award
Statoil has renewed and expanded MMT Sweden’s frame agreement. The successful co-operation between Reach Subsea and MMT Sweden has resulted in a new frame agreement covering both survey and light construction for the next three years. The frame agreement is call-off based, which means that Statoil can award contracts for survey and light construction projects […]
BP contract for Normand Reach
BP has awarded a contract for use of the vessel Normand Reach on the Mungo field in the North Sea. The value of the contract is confidential between the parties. Normand Reach will be used on a walk-to-work project with expected start-up late April/early May. The 12-week contract has options to extend if required. For […]
Business Development Manager
Reach Subsea is pleased to announce the employment of Jeremiah Gilbreath. He will be focusing on expanding the Reach Subsea footprint in the Caribbean and West Africa. Having spent his career in the subsea industry, Jeremiah Gilbreath comes with extensive experience in all areas of our business with a proven ability to generate business in […]
Subsea vessel Olympic Challenger secured for 2+1 years
Reach Subsea has entered into an agreement with Olympic Subsea for use of the subsea vessel Olympic Challenger for 2 years, with an option to extend for 1 year. The commercial terms of the charter agreement are confidential between the parties, but is structured in a way that enables Reach to offer a competitive subsea […]