News & Reports
Financial report for 4Q 2021 and strategic partner
Reach Subsea ASA: Full year and fourth quarter 2021 financial results Haugesund, 8 February 2021: Reach Subsea ASA, the trusted data and subseaservice provider for ocean-based industries, today published its full year andfourth quarter 2021 financial results. 4Q 2021 highlights (numbers in brackets are comparative figures from 4Q 2020): • The best fourth quarter and […]
EXCITING TIMES AHEAD
REACH is taking major steps towards an exciting future We have this afternoon published two news messages; we have raised equity through our new strategic partner, Wilhelmsen, and we have acquired iSurvey! Reach invites to a webcast presentation of the iSURVEY acquisition and the partnership agreement with Wilhelmsen tomorrow, Friday 18 February 2022, at 10:00 […]
M&A Closing
Haugesund, 22 March 2022: Reference is made to previous announcements by ReachSubsea ASA (“Reach” or the “Company”) on 17 February 2022 regarding theacquisition of the offshore survey company iSurvey for NOK 135 million, as wellas the resolution made by the Company’s extraordinary general meeting held on 15March 2022 approving the related share capital increase by […]
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. […]