Norwegian subsea services provider Reach Subsea has been awarded a letter of intent from an undisclosed European contractor for a four-month project.
Reach Subsea said that the project, for what the company described as “first class European contractor,” would begin in the second quarter 2017.
According to the company, a fleet expansion will be necessary to meet the requirements of the contract.
The company added that the project would be executed together with Sweden-based marine surveys specialist MMT.
This is the second contract for the two companies in quick succession since the duo was recently awarded a three-year contract last month by Nord Stream AG for inspection of both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany.
Offshore Energy Today Staff