News & Reports
OCTIO awarded a multi-year 4D geophysical monitoring frame contract offshore Australia
OCTIO, a subsidiary of Reach Subsea ASA (“Reach”), has secured a multi-year geophysical monitoring frame contract with an operator offshore Australia
Reach Subsea secures cost attractive long-term vessel capacity through acquisition of Edda Sun and charter of Go Electra
Haugesund, 24 November 2022: Reach Subsea ASA the trusted data and subsea service provider for ocean-based industries, has secured significant vessel capacity for the coming four years through an agreement to acquire the multipurpose ROV support vessel Edda Sun for USD 29 million and a charter contract for the multipurpose ROV support vessel Go Electra […]
Reach Subsea awarded contract with major renewables energy company, and signs contracts for new vessel to serve a continued strong market
Haugesund, 06 February 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has been awarded a 6 months plus options contract from a major renewable energy company for delivery of offshore wind related services. In order to be able to serve this contract, Reach increases vessel capacity through a charter […]
Survey Division – Onshore and Offshore Positions
In 2023 we plan to expand to new countries with new physical offices and increasing our remote work force. Offshore for the next couple of years, our services offered from conventional vessels will also continue to increase. Even though the there is a heavy focus on new work flows for unmanned operations and remote control, […]
Reach Subsea ASA – Reach Subsea partners with Eidesvik Offshore for ownership
and operation of Edda Sun
Haugesund, 23 February 2023: With reference to the previously communicated planto bring in a strategic partnership for co-ownership of the ROV support vesselEdda Sun, Reach Subsea announces a new joint venture with Eidesvik Offshore forthe ownership of the vessel. The joint venture is owned 50.1 percent by Eidesvikand 49.9 percent by Reach Subsea. Under its […]
Reach Subsea ASA – Strategic three-year frame agreement and two months call-off with Equinor
Haugesund, 13th March 2023: Reach Subsea ASA has been awarded a three-year frame agreement with Equinor for work on the Norwegian continental shelf and internationally to 2026. The agreement covers the full spectrum of Reach Subsea services. “We are looking forward to continuing our longstanding and fruitful relationship with Equinor, and we are grateful for […]
Reach Subsea ASA – Significant contract awards, including strategic engagement in Brazil
Reach Subsea ASA – Significant contract awards, including strategic engagement in Brazil Haugesund, 7 September 2022: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has recently signed contracts amounting totally in excess of NOK 200 million, including an important strategic contract in the Brazilian market, which was signed today. The […]
Future proofing subsea
Reach Remote
Environmental Initiatives
Reduced carbon footprint
Good start to the year
Reach Subsea ASA (“Reach”) has through its cooperation with partner MMT Sweden been awarded a three-year contract, with two one-year options for Nord Stream AG. The yearly inspections, to be executed in cooperation with MMT Sweden, include visual and acoustic survey services critical for the pipeline integrity assessments, covering inspection of the European sections of both lines of […]
Record result, proposed dividend of NOK 0,15 per share
Record result, proposed dividend of 0,15 per share Highlights from the 4Q and preliminary full year 2020 report: • Best 4Q and annual result in Reach Subsea’s history despite challenging marketand operating conditions, driven by high utilization and successful projectexecution.• New innovative subsea service solution, Reach Remote, recently announced. Thesolution will significantly reduce cost and […]
Cooperation update
Reach Subsea ASA’s (“Reach”) partner MMT Sweden AB (“MMT”) has been acquired byOcean Infinity in a transaction that was made public today. Reach and MMT has apool cooperation where the risk and profit on certain vessels are shared, aswell as a 50/50 ownership in Surveyor AS which owns our two high speed surveyROVs (Surveyor). The […]