Reach Subsea signes joint venture agreement with MMT

Reach Subsea ASA (Reach) has signed an agreement with MMT (prev. Marin Mätteknik) in Gothenburg for cooperation on Offshore Survey and ROV services, the company said in its press release. The collaboration has already resulted in multiple operations for the vessel Stril Explorer and the companies have bid on number of tenders. Reach and MMT also collaborate on the construction and marketing of a new, innovative high-speed ROV, called “Surveyor”. The vehicle is expected to be completed towards the summer of 2014 and is scheduled for mobilization on board Stril Explorer. The first test period will be supported financially by a potential end user.