Subsea Services Firms See Surge in Contracts and Extensions
The subsea services sector has witnessed a significant upswing in contracts and extensions, with several firms securing major deals in recent weeks. In this article, we’ll delve into the details of these agreements and explore what they mean for the industry.
Reach Subsea Secures $47.6M in New Contracts
Norwegian subsea services firm Reach Subsea has strengthened its order backlog with $47.6 million worth of new contracts. The company has secured multiple new contracts, contract extensions, and call-offs within the scope of its existing contracts and frame agreements. According to CEO Jostein Alendal, “We are capitalizing on strong market demand and are pleased to report the continued strengthening of our order backlog. It also serves as a positive market indication that our project schedule in the ocean sector extends throughout 2025, offering greater long-term visibility.”
Subsea equipment installation
OneSubsea Scoops ‘Sizeable’ Contract for Work at Troll Gas Field in North Sea
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea 7, has secured a contract from Equinor for work at Troll Gas Field in the North Sea.
Rovco Secures Survey Work on UK’s 1.5GW Outer Dowsing Offshore Wind Farm
Rovco, a UK-based subsea robotics and survey firm, has been selected by TotalEnergies, Corio Generation, and Gulf Energy to conduct survey work on the 1.5GW Outer Dowsing Offshore Wind Farm.
Offshore wind farm installation
SeaBird Exploration Wins OBN Source Work for Its Eagle Explorer
Norwegian marine seismic survey services firm SeaBird Exploration has received a letter of award (LoA) for OBN source work.
Sapura Ônix Heads to Atlanta Field to Install Subsea Equipment
The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out subsea equipment installation.
Mermaid Gets Subsea Services Contract Extension in Middle East
Mermaid Maritime has, through its joint venture company with GCC, secured a one-year contract extension for subsea services.
Aker BP Opts for Optime Subsea’s ROCS
Norwegian subsea technology company Optime Subsea has been awarded a contract by Aker BP to develop and deliver five Remotely Operated Controls Systems (ROCS).
Subsea equipment installation
The surge in contracts and extensions is a positive indication of the growing demand for subsea services in the industry. As the sector continues to evolve, we can expect to see more innovative solutions and collaborations emerge.
