Norway-based companies Aibel and Reach Subsea have signed an agreement for joint projects within subsea oil and gas, rig repairs, and decommissioning of existing offshore structures and installations.
Aibel and Reach Subsea operate within the same market segments, yet have a different client base. Under the agreement, Aibel and Reach Subsea will perform complex projects by sharing resources.
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Aibel executive vice-president Yard Haugesund, Bjørn Tollefsen said: "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.
"By efficiently utilising 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."
Tollefsen said that the cooperation between the companies will provide new opportunities. The agreement also covers projects within renewable and ship.
In April, Aibel secured a contract for yardstay and assistance with the final preparations of the floating production storage offloading vessel Glen Lyon FPSO.
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By GlobalDataThe company has eight locations in Norway. It also operates in Thailand, Singapore and Denmark.
Image: Reach Subsea CEO Jostein Alendal (left) and Aibel EVP Yard Haugesund, Bjørn Toll. Photo: courtesy of Aibel.
