Reach Subsea’s ROV Services for Viking TBN

Reach Subsea has entered into a 3-year contract with Eidesvik Offshore for provision of ROV services on Viking TBN, a subsea construction vessel to be delivered from Kleven Yard in March 2015.

The scope of services from Reach Subsea include two new work ROVs with full crewing, and is expected to yield annual revenues of approximately NOK 40 million, whereof NOK 10 million is guaranteed by Eidesvik.

In addition, Reach Subsea will under the agreement with Eidesvik market the Viking TBN as a subsea spread for own projects, thereby increasing the base of marketable assets to 5 vessels in 2015.

Also, the Viking TBN – a large subsea vessel with length of 145 meters and a 400 tonne crane – adds diversity to the vessel base and contributes to increasing the addressable market.

CEO Jostein Alendal says: “This contract is essentially a collaboration agreement where Eidesvik contributes a state of the art large subsea vessel, and Reach contributes first class equipment and highly qualified subsea personnel. We believe the combination will be a competitive alternative for our customers, and expect to prove this through contract awards in the near future.

Press Release

Share this article

Follow Subsea World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Submarine Networks World 2019

As the key annual gathering for decision makers in the subsea communications value chain, they offer a dedicated platform…

read more >

8th International Conference 2019 Offshore Wind Power Substations

The International Conference Offshore Wind Power Substations is a technical event for experts in the wind industry.

read more >

Wind Turbine Towers

Wind Turbine Towers is a technical event for experts in the wind industry and the goal is to push forward technical development for future tower concepts.

read more >

Seatrade Europe 2019

The three day event will  take place in the hub of the European cruise industry, Hamburg; Germany…

read more >