Reach Subsea ASA : CONTRACT NEWS FOR STRIL EXPLORER AND EDDA FONN

Published: January 27, 2016

MMT Sweden and Reach Subsea contracted for an exciting offshore pilot project in Martinique

We are pleased to announce the contract award for the OTEC (Ocean Thermal Energy Conversion) NEMO project by DCNS, a world leader in naval defence.

This project is jointly developed by DCNS and its partners with purpose to characterize the geophysical and geotechnical context of the area of an offshore power plant with a floating platform and a potential cable route to the town of Bellefontaine in the western coast of Martinique's Island in the French Caribbean.

This floating platform is anchored in the sea and will use the temperature difference between the warm water at the surface and the cold water in the depths to produce nonintermittent and carbon-free electricity.

We are pleased to be part in this new development project and will conduct the survey with resources from our joint venture including the DP2 vessel Stril Explorer, equipped with a work class ROV that is mounted with a geophysical set up.

'This is an exciting project for us with interesting geology on volcano slopes in tropical waters. We look forward to safe and fun operation together with DCNS', says Karin Gunnesson, Project Manager, MMT

Image, all right reserved to DCNS: The floating platform

Edda Fonn

Edda Fonn, the second vessel operated in the Joint Venture with MMT Sweden, has continued to execute on various contracts since the end of November last year, securing satisfactory utilisation so far in this particularly cold winter season.

For further information, please contact:

Birgitte Wendelbo Johansen (CFO)