Eidesvik teams up with Reach Subsea to acquire Edda Sun

General – Subsea Services

Eidesvik Offshore has formed a joint venture with offshore services player Reach Subsea. The new entity will own and operate subsea vessel Edda Sun, with Eidesvik as majority stakeholder.

Edda Sun was built in 2009 and is a Subsea IMR vessel fitted to perform subsea survey activities and a wide variety of inspection, maintenance and repair work.

Under its new name Viking Reach the vessel will commence on a 6-year contract with Reach Subsea in the start of Q2, 2023. In addition to being co-owner, Eidesvik will provide full technical management, crewing and operation of the vessel. 

Viking Reach will operate in the subsea market, which is one of Eidesvik’s strategic focus segments and a market with solid growth outlook for years to come. 

Original Source: https://ocean-energyresources.com/2023/02/24/eidesvik-teams-up-with-reach-subsea-to-acquire-edda-sun/