Reach Subsea has been awarded a Letter of Intent (LOI) for a 2 + 1-year contract covering IMR and Light Construction services in the Mediterranean and Black Sea region.
In connection with this, Reach Subsea has entered a separate LOI with Solstad Maritime for the charter of the vessel Normand Jarstein. A commitment has been signed to commence the vessel’s transit this week, while the final 2 + 1-year contract is expected to be concluded the following week.
Further details about the contract will be announced once the final contract is executed, which is subject to certain conditions. This award further strengthens Reach Subsea’s position as a reliable provider of high-quality and responsible subsea operations across international markets.
Source: Reach Subsea
