Reach Subsea Awarded Two Contracts Using Reach Remote 1

Haugesund, 30 March 2026 – Reach Subsea has been awarded two new call‑offs under its frame agreement with Equinor, covering both gas reservoir monitoring and subsea inspection, maintenance and repair (IMR) services on the Norwegian Continental Shelf. Both contracts will be executed using the uncrewed surface vessel Reach Remote 1 (RR1).

The first call‑off supports gas reservoir monitoring at the Troll field and includes options for additional survey scopes. The campaign will deploy Reach Subsea’s proprietary gWatch technology, which is widely used across major Norwegian gas fields and has proven to be a strong operational match for Reach Remote through successful delivery of similar projects for both Norwegian and international clients.

The second call‑off is an IMR contract covering detailed inspection of a large number of subsea assets across multiple offshore locations. The scope will be executed using Reach Subsea’s ROV deployed from Reach Remote 1, combined with the company’s purpose‑built tooling designed specifically for remote and uncrewed operations.

Including these two new awards, Equinor has now awarded a total of three contracts utilising Reach Remote 1. The contracts will be executed consecutively and are expected to occupy most of the vessel spread’s capacity during the second and third quarters of 2026.

Over recent months, Reach Subsea has executed a series of offshore operations using Reach Remote 1, including work within offshore safety zone and the deployment of multiple tools from an unmanned vessel. The contracts announced today follow a period of increasing operational activity with Reach Remote 1.

Planning and preparation for both campaigns will commence immediately, with the majority of offshore operations scheduled for execution in Q2 and Q3 2026.

“These awards further strengthen our collaboration with Equinor and confirm Reach Remote as a robust and flexible platform for both reservoir monitoring and IMR operations. The integration of Reach Remote with our proprietary gWatch technology, as well as ROV‑based inspection and tooling, demonstrates how uncrewed solutions can deliver high‑quality data and services while reducing operational complexity and emissions,” said Jostein Alendal, CEO of Reach Subsea.

The contracts support continued utilisation of the Reach Remote platform and represent further progress in Reach Subsea’s long‑term strategy within remote and autonomous subsea operations.

-ENDS-

For more information please contact: Arne Joa Chief Financial Officer Reach Subsea ASA investors@reachsubsea.com

About Reach Subsea Reach Subsea delivers its services through a versatile fleet of vessels, including survey, IMR, construction support, and remote vessels. Our teams operate worldwide, providing inspection, maintenance, construction support, survey and data services across multiple industries, supporting clients throughout every stage of their project lifecycles. Our offshore teams are powered by advanced ROV technology and backed by onshore engineering expertise, turning complex ocean challenges into reliable solutions. With over 500 skilled professionals and offices in Norway, Sweden, the UK, the US, Brazil, Trinidad, Australia, and Singapore, our vision—'Sustainable access to ocean space’—drives safe, innovative, and sustainable subsea operations.