Norwegian offshore player Reach Subsea said it has won contracts for the construction and ROV support vessel Normand Reach.
According to the company, the deals are covering approximately half of the remaining committed period of the vessel for 2016.
The terms of the contract have remained confidential between the parties, Reach informed on Tuesday through its Oslo Stock Exchange filing.
The 121-meter Normand Reach, with accommodation for up to 100 people, is on a long-term charter from Solstad Offshore.
Subsea World News Staff