MMT, Reach score gig with ‘major oil company’

MMT and Reach Subsea have been awarded a contract with a major oil company with start-up in February 2018.

Work performed under the contract will include survey, light construction and engineering for one month with options.

“More information about the contract will be released upon agreement on wording with the client,” Reach said in a statement.

Reach Subsea, based in Norway, and MMT, based in Sweden, in 2015 entered into a Joint Venture agreement primarily for survey services “to achieve more flexibility to the business model and strengthen the companies’ combined market reach.”

Included in the Joint Venture agreement is the shared commitment of the two survey vessels, Edda Fonn on charter to Reach, and Stril Explorer on charter to MMT.

The companies agreed to operate the vessels in a pool arrangement where risk and reward would be shared 50/50 between Reach and MMT.

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply