Reef Subsea Rebrands Its Norwegian Companies

Press Release
Thursday, August 23, 2012
Reef's CSV Polar King

Reef Subsea rebrands all its companies in Norway & extends geographical footprint to improve service to clients.

Reef Subsea announce that it is set to fully rebrand and align its companies in Norway – namely Technocean and Scanmudring-Rotech Subsea – to position itself as a dynamic and integrated contractor in the subsea market.

Coupled with an extension of its geographical footprint, the Group is well positioned to serve its clients with specialised services under one company name. The move ensures Reef Subsea provides its turnkey subsea services - mainly IRM & Subsea Construction, Installation & Trenching, and Dredging & Excavation services – with increased capabilities to listen to and serve its clients as a fully integrated subsea contractor.

Technocean AS, headquartered in Bergen, is now rebranded Reef Subsea Norway AS. The latter has been providing a diverse range of staff and marine services up to light subsea construction projects for major operators and contractors over the last 15 years. Reef Subsea Norway with a new, international management team will concentrate on providing packaged IRM and subsea construction support services as well as operations support over the life of field services. Its engineering and project management is also being significantly reinforced.

Reef Subsea Norway is also extending its operational footprint out of the Norwegian continental shelf to the other side of the North Sea, with Reef Subsea UK Ltd based in Aberdeen. Offering the same services as Reef Subsea Norway, and united under a common management team, Reef Subsea UK will improve the understanding of international clients’ needs and be closer to customers in the UK. Both companies are planning to develop out of the North Sea towards Denmark, Holland, the Baltic region, and further to West Africa, the Mediterranean and Brazil.

Scanmudring-Rotech Subsea, which specialises in dredging and controlled flow excavation services since the acquisition of Rotech Subsea by Reef Subsea last November, will now also trade under the Reef Subsea Dredging and Excavation name.

Tim Sheehan, Reef Subsea Chief Operating Officer, said: "Our decision to rebrand our companies was taken last winter as a consequence of the acquisition of Rotech Subsea, and of a new strategic orientation we wanted for Technocean. We have now all our activities branded under the same name and values.

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