Increasing project capacity through charter arrangements

General – Subsea Services

Reach Subsea continues to bolster its long-term capabilities to meet the increasing demand in the subsea services market.

The company has expanded its capacity by securing charters for both the Northern Maria and Olympic Taurus.

For the Northern Maria, the charter arrangement includes 3 years firm period and 6+6 months options.

For the Olympic Taurus, a project charter commenced in January 2024 for a duration of 100 days, with the potential for extension up to an additional 2+2 years.

Original Source: https://ocean-energyresources.com/2024/02/12/increasing-project-capacity-through-charter-arrangements/