Norway's Aibel and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures and other offshore installations.
Aibel and Reach Subsea are operating within the same market segments, however with a different client base and contracting approach. As each party’s core business complement each other, a formal Cooperation agreement will strengthen both parties’ ability to provide a more comprehensive and competitive product.
This will give each party a possibility to be qualified for and execute projects, which each party cannot provide alone.
The parties shall utilize resources from both parties in the best way to be able to undertake complex projects that may require project management, engineering, fabrication and installation, mechanical completion, commissioning/de-commissioning and ROV marine services and operations as the case may be.