Data and subsea service provider, Reach Subsea ASA, has secured a decommissioning contract for work in the North Sea.
The contract represents about 40 project days for execution in Q1 2023, and will see the utilisation of the Olympic Delta vessel. Reach Subsea have an existing cooperation with Olympic Subsea for the vessel, and both parties have agreed to extend their collaboration for the entirety of 2023.
“The market activity is high, and we are pleased to see that we are able to secure contracts across a range of segments. Continuing the good cooperation with Olympic both on ROV services and joint marketing of vessels, shows that our common service offering has been well perceived by clients,” said Jostein Alendal, CEO of Reach Subsea.
The extended collaboration comprises an additional 150 days of frim work for the two ROVs currently mobilised on the vessel. Reach Subsea is contracted to provide this service to Olympic for the charter duration to a tier 1 oil and gas contractor.
