HAUGESUND, Norway — Reach Subsea, a data and subsea service provider for ocean-based industries, has entered into an agreement with Volstad Maritime for use of the Deep Cygnus subsea vessel for four years, with an option to extend for one year.
The commercial terms of the charter agreement are confidential between the parties but are structured in a way that enables Reach to offer a subsea service to its clients. The vessel will be installed with launch and recovery systems and ROVs prior to delivery to Reach Subsea. Reduced carbon footprint is a high priority for Reach Subsea, and battery installation on the vessel is scheduled during the winter of 2023-2024.
Reach will mobilize the vessel during February/March 2023 and use the vessel on its own projects that include inspection, maintenance and repair as well as light construction within the oil and gas and renewables sectors.