International Breakthrough: Reach Subsea's OCTIO Nets 4D Geophysical Monitoring Work in Australia

Credit: OCTIO
Credit: OCTIO

Reach Subsea's subsidiary OCTIO has won a multi-year geophysical monitoring frame contract with an undisclosed operator offshore Australia.

OCTIO will deploy its gWatch service to deliver gravimetry and seabed subsidence measurements.

"This is an international breakthrough for OCTIO and we welcome this opportunity to work with a new client. We look forward to deploying our cost-efficient gWatch service and supporting the client to maximize gas production sustainably.

The Australian monitoring contract is another strong credential for the attractivity of the OCTIO offering, and we are experiencing significant interest also from other operators worldwide,” said Leon Løvheim, CEO of OCTIO.

OCTIO will provide technical support for the survey and monitoring planning for the gas field over the next 18 to 24 months and will conduct the baseline survey in late 2024. The frame contract is valid until 2025, with two three-year extensions up to 2031.

Reach Subsea acquired OCTIO in December 2021.

Current News

TotalEnergies Sells Bonga Field Stake to Shell for $510M

TotalEnergies Sells Bonga Fiel

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Valeura Concludes Eight-Well D

McDermott Reduces Carbon Intensity

McDermott Reduces Carbon Inten

TenneT Begins Drilling Under Dunes for Laying Electricity Cables on Maasvlakte

TenneT Begins Drilling Under D

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine