New Wave Media

June 4, 2024

Reach Subsea Secures $47.6M in New Contracts Backlog

(Credit: Reach Subsea)

(Credit: Reach Subsea)

Norwegian subsea services firm Reach Subsea has strengthened its order backlog with $47.6 million worth of new contacts.

Reach Subsea has increased its order backlog after securing multiple new contracts, contract extensions and call-offs within the scope of its existing contracts and frame agreements.

According to the company, it recently secured contracts with an estimated total value of $47.6 million (NOK 500 million) for 2024 and 2025.

“We are capitalizing on strong market demand and are pleased to report the continued strengthening of our order backlog. It also serves as a positive market indication that our project schedule in the ocean sector extends throughout 2025, offering greater long-term visibility,” said Jostein Alendal, CEO of Reach Subsea.

The February 2024 edition of Marine Technology Reporter is focused on Oceanographic topics and technologies.
Read the Magazine Sponsored by

Authors & Contributors

Marine Technology Magazine Cover May 2024 -

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.

Marine Technology ENews subscription

Marine Technology ENews is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for MTR E-news