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Reef Subsea awarded a cotract for its two new subsea construction support vessels

May 8, 2012 – Reef Subsea AS announced today that they have been awarded a contract with Talisman Energy (UK) Ltd for the provision of two maintenance support vessels. Reef Subsea’s newly delivered vessels, Reef Despina and Reef Larissa, will fulfil the contract for Talisman, which involves supporting the company's Brownfields Modification Programme on selected UK offshore fields.

The contract calls for 230 working days in total for both vessels in a period ranging from May to September 2012. It also bears options for additional services and for an extended period. The project will be managed by Technocean, one of Reef Subsea's Norwegian companies.

 

Reef Subsea Chief Executive Officer, Mark Preece, said: “This contract, coupled with the favourable reception we get from our clients and prospects with the positive upturn in the Oil & Gas industries, confirms we made a good move when chartering the vessels for five years. Our strategy is to be recognised as a reliable contractor in key specialised areas of subsea services providing excellent service to our clients. We are delighted to get confidence from Talisman for the first assignment of the sister ships together."