Norwegian offshore services player Reach Subsea has won a contract together with its Brazilian partner OceanPact from Equinor for combined light construction, inspection, maintenance, and repair and survey services on the Peregrino field offshore Brazil.
The project has a duration of about 45 vessel days and is assigned as part of a contract that is valid for one year, implying additional scope of work being added, Reach said.
The Oslo-listed firm has designated the 2011-built multipurpose support vessel (MPSV) Havila Subsea to carry out the work following the ongoing project in Brazil, which starts in December this year.
“This an important contract for Reach Subsea, documenting both the excellent relationship with Equinor as a client and the breadth and high quality of Reach Subsea’s offering,” said Jostein Alendal, CEO of Reach Subsea.
“Expansion in the growing Brazilian market is of high importance and implies a significant potential for Reach Subsea. The Equinor contract is a piece of firm evidence of our commitment and success”, added Cleiver Moulin, managing director of Reach Subsea Brazil.
Including the latest win in Brazil, Reach Subsea has recently secured contracts in Europe and the US with an estimated total value of above NOK265m ($24.3m).
