5.77
-3.51%
Close of 9 Nov 2026, in NOK
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About Reach Subsea A
Its shares trade on Oslo Børs under the ticker REACH.OL. It has been listed since 2 January 1920. In the fiscal year to 31 December 2025, it reported revenue of NOK 2.68bn and net income of NOK 108.1m. At that date it held total assets of NOK 3.61bn and shareholders' equity of NOK 1.22bn.
Reach Subsea ASA is a holding company, which engages in the provision of offshore and subsea services to the oil industry. The company is headquartered in Haugesund, Rogaland. The Company’s activities are divided into four business segments: Construction and installation, operates primarily within Engineering, Procurement, Installation and Commissioning (EPIC) contracts; IMR, which provides subsea infrastructure inspection, maintenance and repair of subsea assets, and module handling, among others; Survey and pipeline inspection, including three-dimensional (3D) seabed mapping and pipeline supervision; as well as Decommissioning, which is responsible mainly for project contracts. Its fleet comprises Edda Fonn, Dina Star, Surveyor, Supporter and Normand Reach. Furthermore, the Company is a parent of Reach Subsea AS.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 2 Jan 1920
- Employees
- 95
- Website
- reachsubsea.no ↗
Leadership
Pay as last reported
- Mr. Rachid BendrissChairman of the Board, since 2020
- Mr. Jostein AlendalChief Executive Officer, since 2014
- Mr. Anders OnarheimVice Chairman of the Board, since 2012
- Mr. Inge GrutleChief Operating Officer
- Mr. Bard HogheimSales and Marketing Manager
- Ms. Bjorg Mathisen DovingQHSE Manager
- Mr. Knut MedhaugROV Manager
- Mr. Morten Roth StrandenMarine Operations Manager
- Mr. Sven StoresundAsset Manager
- Mr. Rune LandeSecretary, since 2012
- Ms. Martha BakkevigDirector
- Mr. Espen GjerdeDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Reach Subsea ASA has a strong track record of delivering high-quality subsea services to clients.
- The company has a team of highly skilled and experienced professionals who are capable of executing complex subsea projects.
- Reach Subsea ASA has built strong relationships with key clients and has a reputation for reliable and efficient service delivery.
Weaknesses
- Reach Subsea ASA is heavily dependent on the performance of the oil and gas industry, which can be volatile and subject to price fluctuations.
- The company has limited diversification in its service offerings, primarily focusing on subsea services, which exposes it to industry-specific risks.
- Reach Subsea ASA may face challenges in maintaining its competitive edge in a market with intense competition from both established companies and new entrants.
Opportunities
- Reach Subsea ASA can leverage its expertise in subsea services to expand its operations into new geographical regions with growing offshore oil and gas exploration and production activities.
- The increasing demand for renewable energy sources, such as offshore wind farms, presents an opportunity for Reach Subsea ASA to diversify its service offerings.
- Strategic partnerships or collaborations with other industry players can help Reach Subsea ASA access new technologies and markets.
Threats
- The ongoing transition from fossil fuels to renewable energy sources may reduce the demand for subsea services in the long run, posing a threat to Reach Subsea ASA's business model.
- Changes in government regulations or policies related to offshore drilling and exploration activities can impact Reach Subsea ASA's operations and profitability.
- Economic downturns or global financial crises can lead to reduced investments in the oil and gas industry, affecting Reach Subsea ASA's revenue and growth prospects.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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