Reach Subsea Strengthens Order Backlog with New Contracts

RV Prince Madog (Image credit: Bangor University)

Reach Subsea ASA (Reach Subsea) continues to increase its order backlog after securing multiple new contracts, contract extensions and call-offs within the scope of our existing contracts and frame agreements.

Reach Subsea has recently secured contracts with an estimated total value of 500 million NOK for 2024 and 2025.

Jostein Alendal, CEO of Reach Subsea, said: “We are capitalizing on strong market demand and are pleased to report the continued strengthening of our order backlog. It also serves as a positive market indication that our project schedule in the ocean sector extends throughout 2025, offering greater long-term visibility.”

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