Norwegian subsea specialists Reach Subsea and Aibel have entered into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures and other offshore installations.
Aibel and Reach Subsea are operating within the same market segments, however with a different client base and contracting approach.
“As each party’s core business complement each other, a formal cooperation agreement will strengthen both parties’ ability to provide a more comprehensive and competitive product. This will give each party a possibility to be qualified for and execute projects, which each party cannot provide alone,” the companies said in a release.
The parties will utilise resources from both parties in the best way to be able to undertake complex projects that may require project management, engineering, fabrication & installation, mechanical completion, commissioning/de-commissioning and ROV marine services and operations as the case may be.