Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

First Brazilian contract for Reach Subsea

Thursday, September 8 2022

Fossil Energy – Subsea

Reach Subsea ASA, the trusted data and subsea service provider for ocean-based industries, has recently signed contracts amounting totally in excess of NOK 200 million.

This includes an important strategic contract in the Brazilian market, which was signed today.

The contract is the first result of a strategic partnership with a Brazilian offshore company.

“The contract in Brazil is very important for us, not only because of its large size, but also since expansion in Brazil has been high up on our agenda for a long time, and now we are taking the first step. The market is large, and we have a great product offering following the acquisitions of iSURVEY and OCTIO, which will be further strengthened when we launch our first autonomous, unmanned offshore vessels, Reach Remote, next year. Together with our new Brazilian strategic partner, we have now opened up a market with significant growth potential for us,” said CEO of Reach Subsea, Jostein Alendal.

The assignment in Brazil is for the main season 2023 and involves one offshore vessel with two work class ROVs (WROVs) and personnel.

Related posts:

  1. TotalEnergies partners with Casa dos Ventos Brazil
  2. BW Energy to close Espirito Santo basin cluster acquisitions
  3. Petrobras awards PXGEO 3D ocean-bottom node project offshore Brazil
  4. Equinor declares commerciality for fields in Campos Basin

Filed Under: Brazil, International News, subsea inspection

All rights reserved - 2025 cookies