Reach Subsea’s Octio secures long-term contract with Shell

Octio, a subsidiary of Reach Subsea, has sealed a multi-year geophysical monitoring contract with Norske Shell for the Ormen Lange field.

The Bergen-based subsea monitoring solutions provider has delivered services to Norske Shell for over a decade. The new contract is valid until January 2026, with two one-year extensions.

“Octio welcomes the opportunity to continue to support Norske Shell at Ormen Lange, Norway’s second-largest gas field, with our cost-efficient gWatch technology, which increases gas production in a sustainable fashion,” said Leon Løvheim, CEO of Octio.

Reach Subsea acquired Octio last year from Equinor Ventures. In 2020, the company completed the seventh gWatch survey for Norske Shell at the Ormen Lange field. The operator acquires these measurements every second year to refine field recovery strategy and increase gas production.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
Back to top button