Brief: Reach Subsea Now Has About 1,000 Project Days For Q2-Q4 Execution

Reach Subsea ASA

05/08/2020 10:27

Aug 5 (Reuters) - Reach Subsea ASA  REACH.OL :
    * CONTRACT AWARDS
    * REACH SUBSEA NOW HAS APPROXIMATELY 1,000 PROJECT DAYS
(EQUIVALENT TO ABOUT 1,650 ROV DAYS) FOR 2Q-4Q 2020 EXECUTION,
AND ABOUT 300 PROJECT DAYS (450 ROV DAYS) FOR 2021 EXECUTION
    * HAVE BEEN AWARDED ADDITIONAL CONTRACTS AND CALL-OFFS UNDER
FRAME
AGREEMENTS FOR 2020 EXECUTION, REPRESENTING ABOUT 250 PROJECT
DAYS (400 ROV DAYS
    * PROJECTS INVOLVE BOTH INSPECTION, SURVEY AND CONSTRUCTION
SUPPORT WORK IN BOTH OIL & GAS AND RENEWABLES SECTORS

Source text for Eikon:  ID:nObijD2tNa 
Further company coverage:  REACH.OL 

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