Reach Subsea Signs Two MPSV Vessels Contracts

Reach Subsea has signed an agreement with the Myklebusthaug group to hire the MPSV “Dina Star”. The agreement includes the installation instalment of a 150T subsea crane and Reach mobilization of ROV and personnel on board for use in Reach’s offshore lightweight construction support projects.

The vessel will be operated in cooperation with Myklebusthaug. Duration is one year plus options. Reach has also signed an agreement for the use of MPSV Stril Explorer for survey operations in cooperation with Marin Mætteknik (MMT ). The first mission for the vessel is the already signed contract with EMAS on the Troll field.

“Through our cooperation with our experienced partner within survey, MMT, around Stril Explorer, Reach now offers an excellent survey spread. Dina Star is offered to new and existing customers already from
1st March. The ship will be completed with a new crane and ROV equipment aboard, consistent with our business plan and strategy to deliver first class subsea services from early season of 2014,” says CEO Kåre Johannes Lie.

 

Press Release, January 27, 2014

 

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