Aibel AS and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig repairs, and decommissioning of existing platforms/subsea structures and other offshore installations.
Aibel AS and Reach Subsea operate within the same market segments, but have different client bases and contracting approaches, the companies explained.
“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,” said 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 said.