Gulf Oil and Gas accountACCOUNT

Reach Subsea Awarded Contract for Olympic Challenger

Source: www.gulfoilandgas.com 10/19/2020, Location: North America

Reach Subsea ASA has been awarded a contract for use of the Olympic Challenger in a project in the Gulf of Mexico. The contract, which does not include ROVs, is set to commence in November with a firm period lasting through 1Q2021 and with options to extend towards the summer of 2021. With this contract, Reach has covered its remaining commitment on the Olympic Challenger.

Furthermore, since our last update Reach has together with MMT secured several smaller contracts for the winter season. We now have approximately 900 project days (equivalent to about 1,200 ROV days) for second half 2020 execution, and approximately 450 project days (about 600 ROV days) for 2021 execution.

Jostein Alendal, CEO of Reach Subsea, comments: “We are very pleased with our success in building a sensible schedule for the winter season. Admittedly, the Olympic Challenger contract is merely a question of covering our cost in a tough winter market, but with this we are now setting ourselves up to enter 2021 with a solid financial position. We believe this will be an important enabler for our ability to realise some of the interesting opportunities we are pursuing for the future."

FPSO Vessels and Equipment News in United States >>

South Korea >>  11/26/2020 - Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), secured a contract from a re...
India >>  11/19/2020 - Hoegh LNG Holdings Ltd. has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh from as early as first quarter 2021. Jaigarh ...

Guyana >>  11/16/2020 - Progress picked up pace when the yards in Singapore re-opened earlier this year. The mooring and riser system integration, as well as other work scope...
Brazil >>  11/12/2020 - LOC Group, the premier international marine and engineering consulting firm, is pleased to announce that it has been awarded new contracts with SBM Of...




United States Oil & Gas 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 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.