Reach Subsea Secures $47.6M in New Contracts Backlog

(Credit: Reach Subsea)
(Credit: Reach Subsea)

Norwegian subsea services firm Reach Subsea has strengthened its order backlog with $47.6 million worth of new contacts.

Reach Subsea has increased its order backlog after securing multiple new contracts, contract extensions and call-offs within the scope of its existing contracts and frame agreements.

According to the company, it recently secured contracts with an estimated total value of $47.6 million (NOK 500 million) for 2024 and 2025.

“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,” said Jostein Alendal, CEO of Reach Subsea.


Current News

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

MODEC and Terra Drone Renew FP

Yinson Production Closes $1B Investment to Drive Further Growth

Yinson Production Closes $1B I

UK Offshore Wind Industry Employs 40,000 People, New Report Finds

UK Offshore Wind Industry Empl

SLB Rolls Out Sequestri Carbon Storage Tech Portfolio

SLB Rolls Out Sequestri Carbon

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine