Reach Subsea secures new deals in renewables sector
Norwegian subsea services provider Reach Subsea has won contracts with new, undisclosed clients in the renewables sector.
Additionally, the company has secured a call-off under one of its frame agreements with an international client.
According to Reach, the contracts represent about 70 project days for 2021 execution. Approximately two-thirds of the awarded days are in the renewables market.
The projects involve both inspection, maintenance and repair (IMR) and construction support work in multiple regions, and will be performed by the Stril Explorer in co-operation with MMT, the Olympic Artemis, and a third party vessel.
Reach now has around 1,700 project days, of which around 1,400 project days are for 2021 execution, with the remainder for execution in 2022. These figures do not include options and expected call-off extensions under frame agreements, the company stated.
“We are pleased to have secured contracts with new key clients in the renewables market and call-offs under existing contracts, and it shows that we are closer to achieving our key ambition in terms of increasing our footprint in the renewables market”, said Jostein Alendal, CEO of Reach Subsea.