News & Reports
Contracts
Reach Subsea’s Houston office has been awarded several contracts by oil majors in the region, comprising some 100 days of work going forward. The Houston office was opened earlier this year, in order to target an expansion of our services into an important subsea hub. So far, Reach Subsea has executed a couple of projects in the region […]
We’re hiring!!
Reach Subsea is currently looking for: HSEQ Manager Controller Project engineer Please submit your application on www.reachsubsea.no/jobs
New vessel capacity
Reach Subsea is securing state-of-the-art new vessel capacity. Reach Subsea and MMT have over the last year been awarded several important frame agreements for Survey, IMR and light construction within both the oil & gas and renewable sector. With this backdrop of expected increase in activity, Reach Subsea has entered into an agreement with Topaz […]
Contract award
Reach Subsea has entered into an agreement with Eidesvik Offshore to continue and extend the co-operation for the period 2019-2021. The commercial terms between the parties are confidential. Reach Subsea CEO, Jostein Alendal states: “We are proud that through operational excellence we have contributed to successful subsea operations, and that Eidesvik has chosen to extend […]
Contract award and operational figures
Reach Subsea has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days. The projects involve both inspection, survey and light construction work across Europe and America, for major operators in both the oil & gas, energy infrastructure, and renewables sectors. Taken together with the approximately 200 […]
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 […]