Norway’s Reach Subsea and Sweden’s MMT has entered into an agreement with Topaz Energy and Marine to charter newbuild subsea vessel Topaz Tiamat for two and a half years.
The vessel will be used by Reach and MMT for survey, IMR and light construction purposes within the oil and gas as well as renewables sector.
Reach says the contract, which includes three additional one-year options, is structured in a way that enables the two companies to offer a competitive subsea services. No commercial details of the contract were revealed.
Jostein Alendal, CEO of Reach Subsea, commented: “We are very pleased to be able to offer a next generation subsea spread to our clients, an energy efficient vessel that fits nicely into our focus markets. The Topaz Tiamat is the first vessel chartered from Topaz, but based on their professionalism and proactive approach, we believe this will be the start of a successful and productive cooperation going forward.”