Reach Subsea

Regulatory Filings • Oct 29, 2024

Reach Subsea Gains TotalEnergies as New Collaboration Partner for the Reach Remote USV Qualification Program

Reach Subsea Gains TotalEnergies as New Collaboration Partner for the Reach Remote USV Qualification Program

Haugesund, 29 October 2024: Reach Subsea AS announces that TotalEnergies confirms its support to the qualification pilot program of the Reach Remote USV.

Earlier this year, on June 21, Reach Subsea entered into an agreement with Equinor to conduct a technology qualification program. Today, this commitment is further reinforced with the addition of TotalEnergies and several other major energy companies.

The pilot project with Equinor, TotalEnergies and others includes a variety of relevant survey, ROV intervention, IMR and monitoring related work scope which will demonstrate the full capacity of the Reach Remote spread.

Reach Remote is an uncrewed 24-meter surface vessel equipped with hull-mounted survey sensors and a Work Class Electric ROV. Unlike traditional crewed subsea vessels, Reach Remote represents a groundbreaking approach to conducting subsea work scopes, with positive impacts on efficiency, safety, and environmental sustainability with an objective to reduce emissions by 90%.

“For TotalEnergies, Uncrewed Surface Vessels present opportunities to increase safety, reduce emissions and reduce cost when performing IMR operations. In support of the ambition of achieving carbon neutrality by 2050, together with society, USVs are expected to form part of the suite of tools to support Asset Integrity across the subsea portfolio. The aim is to demonstrate safe methods of operation, and to prepare for this emerging technology” said Andy Gower, R&D Subsea Robotics Lead of TotalEnergies.

Reach Subsea is witnessing significant market interest in these USVs and is pleased to see this interest translating into tangible actions.

“We are pleased that major energy contractors are actively supporting the validation process, which is crucial to ensuring the USVs can be effectively deployed. Conducting the pilot qualification program at full scale for prospective clients who are considering the future use of USVs represents the highest level of validation for our technology” said Jostein Alendal, CEO of Reach Subsea.

The pilot program with Equinor, TotalEnergies and others is planned to be executed directly after the delivery of the vessels. The scope of work is part of a full-scale operation and will be executed offshore in the North Sea and Norwegian Sea on production fields such as Troll, Gullfaks, Snorre and Åsgard.

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For more information please contact:

Birgitte Wendelbo Johansen

Chief Financial Officer

Reach Subsea ASA

bwj@reachsubsea.no

About Reach Subsea:

Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.