Norway’s Reach Subsea has entered into short term contracts for Edda Fonn, Havila Subsea and Olympic Delta.
The contracts, with major oil companies and international contractors, cover a total of 100 firm vessel spread days and around 50 optional days.
Jostein Alendal, CEO of Reach Subsea, commented: “As expected, the market is still dominated by low visibility and short lead time from contract award until project execution. It is a pleasure to note that we expand our position as a competitive and flexible quality service provider to current and new clients.”
Operations are all in the North Sea, and will be executed during the second quarter of 2018.