NORMAND REACH 2019 COMMITMENT RELEASED
Solstad Offshore ASA ("Solstad") has been awarded a contract for use of Normand Reach for 4-6 months, starting in 4Q 2018 (see separate stock exchange notice from Solstad). As the contract is for the vessel itself without use of ROVs, Reach Subsea has been released from its 100 day commitment towards Solstad for 2019, and will de-mobilise the two ROVs onboard.
Normand Reach has just completed its contract with BP and Reach Subsea will trade the vessel in the spot market until Solstad's contract commences.
For further information, please contact:
Birgitte Wendelbo Johansen, CFO