Haugesund, 17 August 2023: Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has received a notice of contract award, subject to successful contract negotiation, from a major European energy provider.
The potential contract has a duration of approximately 75 vessel days and is scheduled for execution in the fourth quarter of 2023.
The project will utilize one of Reach Subsea’s DP2 subsea vessels and the onboard high-speed survey ROV, the Surveyor Interceptor.
“We are delighted to receive this significant contract, which represents a great endorsement by a major European energy company. We entered the summer season with a record high order backlog and higher capacity than ever, and during the summer we have been extremely busy with project activity. In parallel we are experiencing very high tender activity, which confirms our highly positive market outlook driven both by oil and gas investments as well as the roll-out of offshore renewable energy projects,” said CEO of Reach Subsea Jostein Alendal.
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For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no
About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.
[This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Marketing and Communications Manager at Reach Subsea ASA on the time and date provided.]