Reach Subsea Hails Workforce Following Statoil Frame Agreement Win

Reach Subsea has hailed its workforce after securing a five year frame agreement with Statoil for inspection, maintenance and repair services (IMR).

The frame agreement, which commences in 2019, is call-off based, which means Statoil can award contracts for IMR services on an as needed basis.

“We are proud to be awarded the IMR frame agreement with Statoil, which is of significant strategic importance and improves visibility for our service offerings for the next five years,” Jostein Alendal, Reach Subsea CEO, said in a company statement.

“This award is a testament to the track record we have built over the past few years, combining a relentless focus on the highest quality in our operations, and strict cost discipline. Honours to Reach’s greatest asset, our people, for contributing to building a track record that formed the basis for this milestone in our history,” he added.


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