Reach Subsea Receives LOI for a 2+1-year contract
Haugesund, 04 May 2026 – Reach Subsea ASA has been awarded a Letter of Intent (LOI) for a 2 + 1‑year contract covering IMR and Light Construction services in the Mediterranean and Black Sea region.
In connection with this, Reach Subsea ASA has entered a separate LOI with Solstad Maritime ASA for the charter of the vessel Normand Jarstein. A commitment has been signed to commence the vessel’s transit this week, while the final 2 + 1‑year contract is expected to be concluded the following week.
Further details about the contract will be announced once the final contract is executed, which is subject to certain conditions.
This award further strengthens Reach Subsea’s position as a reliable provider of high‑quality and responsible subsea operations across international markets.
-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. This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Communications and Marketing Director at Reach Subsea AS on the time and date provided.