Brief: Reach Subsea Gets Contract With Renewables Energy Company

Reach Subsea ASA

06/02/2023 14:22

Feb 6 (Reuters) - Reach Subsea ASA  REACH.OL :
    * REACH SUBSEA AWARDED CONTRACT WITH MAJOR RENEWABLES ENERGY
COMPANY, AND SIGNS CONTRACTS FOR NEW VESSEL TO SERVE A CONTINUED
STRONG MARKET
    * AWARDED A 6 MONTHS PLUS OPTIONS CONTRACT FROM A MAJOR
RENEWABLE
ENERGY COMPANY FOR DELIVERY OF OFFSHORE WIND RELATED SERVICES
    * OLYMPIC TRITON IS A VERSATILE MULTIPURPOSE SUPPLY VESSEL
(MPSV)
WITH A 150 TONS CRANE AND A LARGE ACCOMMODATION AND DECK
CAPACITY
    * OLYMPIC TRITON WILL BE DELIVERED TO REACH SUBSEA IN Q1
2023 IN
CONJUNCTION WITH START-UP OF RENEWABLE ENERGY CONTRACT
    * ADDED CAPACITY COMES WITH A LIMITED RISK AND SIGNIFICANT
UPSIDE
FOR REACH SUBSEA, AND INCLUDES AN ELEMENT OF PROFIT SHARING

Source text for Eikon:  ID:nObiwbTTNa 
Further company coverage:  REACH.OL 
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