Aibel and Reach Subsea have entered into a formal cooperation agreement, Reach informed on Thursday.
The agreement covers projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea structures and other offshore installations.
Aibel and Reach Subsea are operating within the same market segments, however with a different client base and contracting approach.
“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 .
According to Reach, the companies will utilize resources from both parties to be able to undertake projects that may require project management, engineering, fabrication & installation, mechanical completion, commissioning/decommissioning and ROV marine services and operations.