Reach Subsea ASA (REACH.OL)
Reach Subsea ASA operates in the Oil & Gas Equipment & Services industry of the Energy sector, headquartered in Haugesund, RO, NO. The stock last traded at $5.35, down 0.93% on the session, giving a market capitalisation of $1.75B. Its beta of -0.15 implies it has historically moved less than the broad market.
Founded in 1909 and headquartered in Haugesund, Norway, Reach Subsea ASA is a global provider of diverse subsea services. Operating across its Oil & Gas and Renewable/Other divisions, the company caters to the oil and gas, renewable energy, and utilities industries. Its extensive service portfolio includes crucial inspection, maintenance, and repair (IMR) operations for underwater infrastructure, such as structural assessments, WROV deployment, and specialized interventions like SCM changeouts and boulder clearance. Reach Subsea also performs comprehensive asset integrity and pipeline inspection services. The company offers a broad spectrum of survey capabilities, encompassing geophysical, geotechnical, unexploded ordnance (UXO), environmental, hydrographic, and archaeological assessments, complemented by expert engineering and project management. For construction support, they provide vessels, remotely operated vehicles (ROVs), personnel, and dedicated surveys covering seabed intervention, touchdown monitoring, and pre/post-lay inspections. Additionally, Reach Subsea offers offshore personnel contracting and advanced monitoring solutions. These include geophysical monitoring (e.g., real-time seismic tracking and seafloor subsidence assessment) and environmental monitoring services (e.g., CO2 injection and storage, and geothermal resource evaluation). The company operated as Transit Invest ASA before adopting its current name in December 2012.
Reach Subsea ASA is most often compared with the following Energy names: