Reach Subsea Extends Olympic Taurus Charter and Orders Two ROVs
enhancing our capacity to capitalize on the rapidly advancing global subsea market. Reach Subsea is ideally positioned with a comprehensive service portfolio spanning ocean services and data delivery, catering to both the growing renewables sector and the established oil and gas market,” said Jostein Alendal, CEO of Reach Subsea.In addition, Reach Subsea has ordered two new Constructor ROVs from Kystdesign with delivery in May 2024, which will be financed through the equipment leasing frame agreement.The Constructor is a heavy duty ROV designed for carrying and operating large tools and modules
Reach Subsea Charters Two Vessels Amid Increasing Demand
, we are enhancing our capacity to capitalize on the rapidly advancing global market. Reach Subsea is ideally situated with a comprehensive service portfolio spanning ocean services and data provision, catering to both the growing renewables sector and the established oil and gas market,” said Jostein Alendal, CEO Reach Subsea
Reach Subsea Expands Orderbook with Over $50M in New Contracts
securing work across various markets and regions. The growing demand for our subsea services across all sectors is evident from our recent contracts. It is a positive indication that our busy schedule for subsea projects extends into first quarter, providing a strong start to this year,” said Jostein Alendal, CEO Reach Subsea
Reach Subsea, OceanPact Awarded Work for Equinor in Brazil
important contract for Reach Subsea, documenting both the excellent relationship with Equinor as a client and the breadth and high quality of Reach Subsea’s offering. We are proud to once again have been given the trust from a tier-one energy company to deliver high-end services,” said Jostein Alendal, CEO of Reach Subsea.“Expansion in the growing Brazilian market is of high importance and implies a significant potential for Reach Subsea. The Equinor contract is a piece of firm evidence of our commitment and success,” said Cleiver Moulin, Managing Director of Reach Subsea Brazil
Reach Subsea Partners with Agalas for New IMR/Survey Vessel
a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to several market segments, with delivery early 2026.Reach Subsea CEO Jostein Alendal said:"The market for subsea vessels is expected to remain tight for the foreseeable future, and with the innovative Agalas low-emission vessel, we will to an even larger degree be able to leverage the global market and continue our profitable growth. "The vessel is well suited
Reach Subsea Wins Work with 'Major European Energy Firm'
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.Jostein Alendal, CEO of Reach Subsea said: "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
Reach Subsea to Provide Full Range of Services for Equinor under 3-year Agreement
Norwegian subsea services firm Reach Subsea said Monday it had signed 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, the company said. Reach Subsea CEO Jostein Alendal said the frame agreement will be an excellent driver for the growth and utilization of Reach Subsea’s modern and expanded fleet of conventional vessels as well as the unmanned Reach Remote fleet, with the two first vessels expected to be launched in 2023."I would also highlight that
Reach Subsea to Add Two ROV Support Vessels to Its Fleet
Subsea now has a long-term core fleet portfolio with an estimated 20-30 percent cost advantage compared to the current market. This will be further improved with the launch of the unmanned Reach Remote vessels, set for launch in 2023," Reach Subsea said.Record high activity & solid outlookJostein Alendal, CEO of Reach Subsea said: “We are currently seeing record high activity and face a market with a solid growth outlook for years to come. Hence, the market for vessel capacity will be very tight, but we are now perfectly positioned to maneuver and take advantage of the growing demand for
Safety Concerns: Norway Inspects Europipe II Subsea Gas Pipeline to Germany
Sept. 26 Nord Stream blasts.The Havila Subsea, an oil service vessel equipped with remotely operated subsea vehicles, was deployed on Oct. 5 to survey the Europipe II pipeline that runs from the Kaarstoe gas plant in Norway to Dornum in Germany, Refinitiv vessel-tracking data shows. Jostein Alendal, chief executive of Reach Subsea, which operates Havila Subsea, told Reuters the inspection was ordered by Equinor, which carries out pipeline inspections on behalf of offshore gas system operator Gassco."For security considerations, we cannot go into detail about specific measures,"
February 2024
