Aibel and Reach Subsea have entered into a formal cooperation agreement, Reach informed on Thursday.
The agreement covers 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.
“The cooperation agreement will strengthen both parties’ ability to provide a more comprehensive and competitive product, qualifying us to take on projects we could not have executed alone,” says Aibel’s EVP Yard Haugesund, Bjørn Tollefsen.
According to Reach, the companies will utilize resources from both parties to be able to undertake projects that may require project management, engineering, fabrication & installation, mechanical completion, commissioning/decommissioning and ROV marine services and operations.