Reach Subsea Charters Olympic Challenger

Reach Subsea has entered into an agreement with Olympic Subsea for use of the subsea vessel Olympic Challenger for 2 years, with an option to extend for 1 year.

The commercial terms of the charter agreement are confidential between the parties.

The vessel already has two ROVs mobilised onboard, which Reach will lease initially. Thus, investments associated with this expansionary move are limited at the outset.

Reach will mobilise the vessel during April 2018 and use the vessel on own projects within IMR and light construction within the oil & gas and renewables sectors.

With this latest addition to its fleet, Reach currently markets 7 subsea spreads alone and together with its partner MMT.

Jostein Alendal, CEO of Reach, said: “We are pleased to be able to offer another quality subsea spread to our clients, and Olympic Challenger is a vessel that fits nicely into our focus markets. An important part of our operational strategy is to co-operate with shipowners renowned for high quality performance, which we have experienced first hand with Olympic Subsea on the successful Allseas project. We look forward to continue the good cooperation with Olympic Subsea in the years to come.”

Share this article

Follow Subsea World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

9th International Conference Offshore Foundations

Offshore Foundations is a technical event for experts in the wind industry. The goal is to push forward technical development for future foundation concepts.

read more >

OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >

OGA 2019

Malaysia’s Oil, Gas and Energy (OGE) industry has been contributing about one-fifth to the national GDP…

read more >

Brasil Offshore 2019

The commemorative 20th anniversary edition of Brasil Offshore will be held under the auspices…

read more >