General – Subsea Vessel
Reach Subsea Norway has entered into an agreement with Volstad Maritime for use of the subsea vessel Deep Cygnus for 4 years, with an option to extend for 1 year.
The commercial terms of the charter agreement are confidential between the parties but are structured in a way that enables Reach to offer a high-quality subsea service to our clients.
The vessel will be installed with launch and recovery systems (LARS) and ROVs prior to delivery to Reach Subsea. Reduced carbon footprint is a high priority for Reach Subsea, and battery installation on the vessel is scheduled during the winter of 2023/2024.
Reach will mobilise the vessel during February/March 2023 and use the vessel on own projects within IMR (inspection maintenance and repair) and light construction within the oil & gas and renewables sectors. This subsea spread is well suited for our core focus markets and has a good fit with the tenders we currently have outstanding.