Reach Subsea ASA announced a 100 day project charter for the subsea vessel Olympic Taurus, with extension options for 2+1+1 years. Reach Subsea has now extended the charter for an additional 2 years and retain options for another 1+1 years. Furthermore, Reach Subsea has ordered two new Constructor type ROV's from Kystdesign AS with delivery in May 2024, and will be financed through equipment leasing frame agreement.

The Constructor is a heavy duty ROV designed for carrying and operating large tools and modules and has a depth rating of 3m. Following delivery the ROVs will be mobilised onto the Reach Subsea fleet and will expand subsea service capacity into the 2024 season. The addition of the two new Constructor ROVs not only enhances the company fleet's flexibility but also bolsters the company capability to efficiently execute a diverse range of underwater tasks.

These cutting-edge ROVs seamlessly integrate into existing portfolio of assets, further solidifying the company position to effectively address the demands of the company clients. Their advanced technology and robust design align perfectly with the company commitment to deliver high-quality services and meeting the evolving needs of the company clients across various industries.