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Reach Subsea ASA (REACH.OL)

Oslo - Oslo Delayed Price. Currency in NOK
6.02+0.02 (+0.33%)
At close: 12:56PM CET

Reach Subsea ASA

Møllervegen 6
Haugesund 5525
Norway
47 40 00 77 10
https://reachsubsea.no

Sector(s)Energy
IndustryOil & Gas Equipment & Services
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Jostein AlendalCEO & MD2.75MN/AN/A
Ms. Birgitte Wendelbo JohansenChief Financial Officer2.6MN/AN/A
Mr. Inge GrutleChief Operations Officer2.62MN/AN/A
Mr. Bard Thuen HogheimChief Commercial Officer2.62MN/AN/A
Mr. Audun BrandtzaegChief Technology OfficerN/AN/AN/A
Mr. Sven Magne StoresundAsset ManagerN/AN/AN/A
Mr. Rune LandeSecretary of the BoardN/AN/A1960
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NOK.

Description

Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post- lay survey, as well as vessel, remotely operated vehicles, personnel, survey, and on demand engineering. It also provides asset integrity/pipeline inspection, and engineering and project management services; reach remote services comprising survey, inspection, and IMR and seabed intervention; seabed survey services consisting of site surveys and geohazard investigation, pipeline inspection, seabed mapping, UXO, general, and route surveys; offshore cable; marine construction; and rig and mooring services. In addition, the company offers geophysical monitoring services, which include 4D gravity, seafloor subsidence monitoring, depth watch for seismic nodes, injection integrity monitoring, well drilling, and real time seismic monitoring services; and environmental monitoring services that comprise earthquake monitoring and prediction, C02 storage, and geothermal energy exploitation. It serves oil and gas, renewables, and utilities sectors. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was incorporated in 1909 and is headquartered in Haugesund, Norway.

Corporate Governance

Reach Subsea ASA’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.