Reach Subsea — M&A Activity 2016

Feb 16, 2016

CONTRACT AWARD

CONTRACT AWARD

Reach Subsea has entered into contract extensions with

Eidesvik Offshore.

As a part of the cooperation agreement, Reach Subsea

provides ROV and subsea services onboard the Viking

Neptun also for the new contracts with Technip.

Commencement is expected in the beginning of April on

UK sector.

Through these contracts, Viking Neptun has secured

commitment for 2016 and beyond, which will contribute

to good utilization for the WROVs and offshore

personnel from Reach Subsea onboard.

"We are proud to be part of the successful campaigns

onboard Viking Neptun in 2015, resulting in renewed

confidence and extended contracts from the end

client." says Jostein Alendal (CEO).

For further information, please contact:

Birgitte Wendelbo Johansen (CFO)

www.reachsubsea.no