Reach Subsea signs MoA with Beacon Offshore in Australia

Haugesund, 26 May 2026 – Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore Ltd., establishing a strategic partnership to jointly pursue subsea projects in Australian waters.

Under the agreement, the parties will collaborate exclusively to market, tender for, and execute subsea projects in Australia, combining Reach Subsea’s engineering and technology offering with vessel capabilities provided by Beacon Offshore.

A key element of the partnership is access to two DPII offshore vessels, “GO Explorer” and “GO Supporter”, enabling Reach Subsea to expand its operational footprint and service offering in the region. The vessels are already equipped for subsea operations and have valid Australian Safety Cases, supporting immediate deployment in the market.

“This agreement builds on our continuously strengthening presence in Australia and represents an important step in scaling our operations in the region. By combining our engineering and technology capabilities with high-quality vessel capacity, we are well positioned to pursue a broader range of opportunities across subsea, survey and monitoring,” says Jostein Alendal, CEO of Reach Subsea ASA.

-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.

About Beacon Offshore Ltd Beacon Offshore Ltd. is a Thailand based provider of subsea services to the Oil & Gas industry in S.E. Asia. 30 years of local operating experience translates into offshore IRM & renewables projects that are consistently delivered safely, on time and within budget across the region.