Reach Subsea Enters New Contracts with ExxonMobil and MMT

Reach Subsea has entered into a contract with ExxonMobil for the vessel Stril Explorer. The contract is for light construction work in the North Sea.

Further, Reach Subsea has entered into new cooperation contracts with MMT for delivery of ROV services.

Total contract value is approximately NOK 15 mil. (USD 2.5 mil).

Reach Subsea was established in 2008. The Company has a comprehensive knowledge of subsea operations. Reach Subsea provides engineering services to the oil industry in a flexible and highly competitive way.

Press Release, April 15, 2014