Aibel and Reach Subsea has entered into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures or other offshore installations.

The two companies operate within the same market segments, but have different client bases and contracting approaches.

“The cooperation agreement will strengthen both parties’ ability to provide a more comprehensive and competitive product, qualifying us to take on projects we could not have executed alone,” says Aibel’s EVP Yard Haugesund, Bjørn Tollefsen.

Tollefsen is confident that a close cooperation between Aibel and Reach Subsea will lead to exiting new opportunities for the two companies.

“By efficiently utilizing resources from both parties, we will be able to undertake complex projects requiring project management, engineering, fabrication, installation, MC (mechanical completion), commissioning, decommissioning and ROV marine services/operations”, he says.

About Aibel

Aibel is a leading service company within the oil and gas industry and is established in renewable energy.

The company`s around 4,500 employees in Norway and abroad are engaged onshore and offshore. With eight locations in Norway, the company is located near the customers. In addition to operations in Norway, Aibel is also located in Thailand, Singapore and Denmark.

About Reach Subsea

Established in 2008, Reach Subsea is a company with a comprehensive knowledge of subsea operations. We are known and respected for our world-class engineering and state of the art remotely-operated underwater vessels, ROV. We are already regarded as a knowledgeable Norwegian operator, providing engineering services to the oil industry in a flexible and highly competitive way. Our human resources are first class and contribute towards an impressive reputation in the business.