Contract awards

MMT has, together with Reach Subsea, been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 450 project days. The projects involve both inspection, survey and construction support work across Europe and the Americas, for major operators in both the oil & gas and renewables sectors.

P-O Sverlinger, CEO MMT comments: “It is also encouraging to see that our clients are starting to recognise the benefits of our high speed survey ROVs” and that some 300 of the recently awarded project days are related to inspection and seabed mapping campaign projects primarily in the renewables sector.”

Jostein Alendal, CEO of Reach, comments: “We are pleased to have secured contracts in a challenging time and we see that our good performance is working as a hedge to market shocks. We have taken serious measures to  ensure the safety of our personnel during the COVID-19 pandemic, which has been very successful so far.”