The value of the contract is confidential between the parties.
Normand Reach will be used on a walk-to-work project with expected start-up late April/early May. The 12-week contract has options to extend if required.
For 2018, Reach Subsea has a firm charter commitment on Normand Reach towards Solstad Offshore for 180 days, at a competitive base rate with a profit share.
Through this contract, Reach Subsea will cover roughly 50% of the charter commitment on the Normand Reach spread.
Reach Subsea CEO Jostein Alendal said: “This contract marks another important milestone for Reach Subsea. We will, as always, focus on strong execution to ensure that our track record for operational excellence remains intact.”
