Reach Subsea seals multi-year Black Sea contract

AI Summary

Reach Subsea, a Norwegian subsea services company, has secured a multi-year contract in the Black Sea. The agreement includes inspection, maintenance, repair, and light construction tasks, solidifying the firm's presence in this strategic maritime region.

Norwegian subsea services specialist Reach Subsea has secured a long-term foothold in the Black Sea after converting a previously announced letter of intent into a firm contract covering inspection, maintenance and repair (IMR) and light construction work in the region. The Oslo-listed company said the agreement runs for an initial two years with an option …