Reach Subsea ASA: Exercises extension option for Deep Cygnus
Haugesund, 5 October 2026: Reach Subsea ASA has exercised the one-year extension option under the charter agreement for the subsea vessel Deep Cygnus.
The charter agreement was originally announced on 14 July 2022 as a four-year agreement with an option to extend for an additional year. The option exercise extends the agreement through March 2028.
Deep Cygnus has been an important part of Reach's vessel fleet since 2023. The extension secures continued access to a vessel with ROV capability, crane capacity and deck space that is well suited for inspection, maintenance and repair (IMR), survey and light construction projects across the offshore energy and renewables sectors.
-ENDS-
For more information please contact:
Arne Joa
Chief Financial Officer Reach Subsea ASA
investors@reachsubsea.com
About Reach Subsea Reach Subsea delivers its services through a versatile fleet of vessels, including survey, IMR, construction support, and remote vessels. Our teams operate worldwide, providing inspection, maintenance, construction support, survey and data services across multiple industries, supporting clients throughout every stage of their project lifecycles. Our offshore teams are powered by advanced ROV technology and backed by onshore engineering expertise, turning complex ocean challenges into reliable solutions. With over 500 skilled professionals and offices in Norway, Sweden, the UK, the US, Brazil, Trinidad, Australia, and Singapore, our vision-'Sustainable access to ocean space'-drives safe, innovative, and sustainable subsea operations.