HAUGESUND, Norway — OCTIO, a subsidiary of Reach Subsea ASA, has secured a multi-year geophysical monitoring frame contract with an operator offshore Australia.
OCTIO will deploy the proprietary gWatch service to deliver gravimetry and seabed subsidence measurements.
OCTIO will provide technical support for the survey and monitoring planning for the gas fields over the next 18 to 24 months and will conduct the baseline survey in late 2024. The frame contract is valid until 2025, with two three-year extensions up to 2031.
Reach Subsea CEO Jostein Alendal said, "Reach Subsea acquired OCTIO in December 2021, and together with the acquisition of iSURVEY in early 2022, it provides Reach Subsea with a complete offering for offshore monitoring and surveying. With OCTIO’s and iSURVEY’s competent teams and unique technologies, we can serve offshore customers with cost efficient and accurate seabed monitoring data with short lead times."
He also said the company plans to launch a cost and climate friendly unmanned Reach Remote offshore vessel system next year.