Reach Subsea ASA has entered into a contract with an undisclosed party (referred to as Charterer hereinafter) that is providing the provision of ROV-based subsea operations, construction support, and field services to a reputable end client in the region. The agreement establishes a strategic partnership and collaboration between Reach Subsea ASA and the Charterer.

The Charterer is an established offshore service provider with a strong regional presence and experience in supporting energy sector operations. As the local contracting partner, the Charterer will support efficient execution in coordination with their end client and compliance with local regulatory and operational requirements.

“Our technology and asset base—spanning both conventional and remote operations, as well as subsea, survey, and monitoring services—are highly relevant for this region, where we see a growing number of opportunities. This contract strengthens our presence in the Mediterranean and Black Sea region, and we look forward to working together with the Charterer on the project,” said Jostein Alendal, CEO of Reach Subsea ASA.

In connection with this, Reach Subsea ASA has finalized the agreement with Solstad Maritime ASA for the charter of the vessel Normand Jarstein, which will support the contract operations. The vessel is currently mobilizing in the Black Sea for the commencement of the project.