News & Reports
CONTRACT NEWS FOR STRIL EXPLORER AND EDDA FONN
MMT Sweden and Reach Subsea contracted for an exciting offshore pilot project in Martinique We are pleased to announce the contract award for the OTEC (Ocean Thermal Energy Conversion) NEMO project by DCNS, a world leader in naval defence. Reach Subsea and MMT Sweden have, through the Joint Venture, entered into a contract for Stril […]
CONTRACT EXTENSIONS WITH EIDESVIK OFFSHORE
Reach Subsea has entered into contract extensions with Eidesvik Offshore. As a part of the cooperation agreement, Reach Subsea provides ROV and subsea services onboard the Viking Neptun also for the new contracts with Technip. Commencement is expected in the beginning of April on UK sector. Through these contracts, Viking Neptun has secured commitment […]
TAKING ACTIONS TO REMAIN COMPETITIVE
Reach Subsea has agreed on a comprehensive restructuring of its charter agreements, which will enable Reach to move forward with market based charter- in rates. Solstad Offshore and Østensjø Rederi will as part of the restructuring become new shareholders of Reach Subsea. Although the details of the agreement are confidential between the parties, we can […]
RESEARCH EXPEDITION WITH NTNU
Reach Subsea has entered into a firm contract with NTNU for the MarMine Project to complete a scientific research expedition on the mid-Atlantic ridge north of Jan Mayen, financed by the Research Council of Norway (RCN). The project will deploy ROV, AUV and grabs for seabed mapping and sampling for geological and biological research related […]
COOPERATION AGREEMENT WITH AIBEL
Aibel AS and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures and other offshore installations. Aibel and Reach Subsea are operating within the same market segments, however with a different client base and contracting […]
UPDATED PROSPECTUS
Updated prospectus is available on Financial reports page. Reference is made to the stock exchange announcement by Reach Subsea ASA (“Reach” or the “Company”) published on 30 May 2016 regarding the general meeting in the Company approving a private placement of 15,000,000 new shares. The Norwegian Financial Supervisory Authority (the “NFSA”) has approved the […]
Black Sea Maritime Archaeological Project
Black Sea Maritime Archaeological Project engages MMT to research the mysterious seafloor of The Black Sea. The primary survey tool will be the SROV “Surveyor Interceptor”, jointly owned and operated by MMT and Reach Subsea. The SROV is piloted by Reach Subsea personnel. Read more in MMT’s press release.
Surveyor ROV sets new records
Black Sea Maritime Archaelogical project successfully completed. Surveyor ROV set new records for sustained speed of 6 knots, and depth record of 1800 meters. Read more in MMT’s press release.
COMPLETED PRIVATE PLACEMENT
Reference is made to announcements on 12 January 2017, concerning a contemplated private placement in Reach Subsea ASA (“REACH” or the “Company”). The Company is pleased to announce that it has received binding orders for subscription of and have allotted 48,609,900 shares (the “New Shares”) at the price of NOK 1.75, corresponding to gross proceeds […]
EXTRAORDINARY GENERAL MEETING
Extraordinary General Meeting will take place February 7th 2017. Location: Garpeskjærvegen 2, Haugesund. Time: 09:00 hours. Notice of Extraordinary General Meeting For further information, please contact: Birgitte W. Johansen
Edda Fonn contract
Mediterranean Pipeline Inspection project With reference to our press release 01.02.2017 regarding a new contract for Edda Fonn, we are pleased to share some more details about the project. MMT has entered into a contract with Medgaz in Spain for inspection of the offshore pipeline between Algerie and Spain. The project will be performed within […]
UPDATED PROSPECTUS
Updated prospectus is available on Financial reports page. Reach Subsea ASA – approved prospectus and launch of subsequent offering Reference is made to previous announcements from Reach Subsea ASA (the “Company“). The Financial Supervisory Authority of Norway has approved a prospectus prepared by the Company covering the listing of 48,609,900 new shares (the […]