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New Contracts Drive Reach Subsea’s Expansion in the North Sea and the Americas

Written by Paulo Nogueira

Published on 22/01/2024 at 05:59

Oil and Gas

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Reach Subsea Expands Portfolio With New Contracts and Extensions, Including Cancellations Within Current Framework Agreements in the North Sea and the Americas.

Reach Subsea has achieved excellent results by securing new contracts, extending existing contracts, and receiving cancellations in current framework agreements in the North Sea and the Americas region. This strategy contributed to the increase of the company’s order book.

Furthermore, Reach Subsea closed contracts worth over NOK 570 million (about US$ 55 million), mainly starting in the first quarter and involving all aspects of its fleet and services. This reinforces the company’s presence in markets, ensuring its participation in various large-scale projects.

‘We are pleased to report success in securing work across various markets and regions. The increasing demand for our subsea services across all sectors is evident in our recent contracts. It is a positive indication that our packed schedule for subsea projects extends into the first quarter, providing a strong start to the year’, said Jostein Alendal, CEO of Reach Subsea.

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In terms of other recent news from the company, in December 2023, Reach Subsea and its Brazilian partner OceanPact received a contract award notice from Equinor for light construction, inspection, maintenance, and repair (IMR) services and offshore research in Brazil.

A month earlier, the company signed a charter contract for three or five years with Agalas for a low-emission IMR/research vessel with an intelligent hoisting system and a package of equipment that can adapt to various market segments.

New Work Contracts and Framework Agreements

In terms of other recent news from the company, in December 2023, Reach Subsea and its Brazilian partner OceanPact received a contract award notice from Equinor for light construction, inspection, maintenance, and repair (IMR) services and offshore research in Brazil.

A month earlier, the company signed a charter contract for three or five years with Agalas for a low-emission IMR/research vessel with an intelligent hoisting system and a package of equipment that can adapt to various market segments.

Source: © OFF Shore Energy

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celebrar os novos contratos contrato de fretamento

Paulo Nogueira
Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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New Contracts Drive Reach Subsea’s Expansion in the North Sea and the Americas

Reach Subsea Expands Portfolio With New Contracts and Extensions, Including Cancellations Within Current Framework Agreements in the North Sea and the Americas.

Work Contracts and Agreements: New Opportunities

New Work Contracts and Framework Agreements

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Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

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BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Brazil has never generated so much clean energy — and has never charged so much for it: while solar and wind farms break records, the electricity bill rises by up to 23% and R$ 52 billion in charges are paid by 35 million families who don’t understand why electricity has become so expensive.

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