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Reef Subsea extends its range of activities by providing installation and trenching services to the Offshore Oil & Gas and Renewables markets via Reef Subsea Power & Umbilical Ltd.

Reef Subsea AS announced today that its new UK subsidiary, Reef Subsea Power & Umbilical Ltd. - based in North East England - is able to provide subsea installation and trenching services to its clients in both the Offshore Oil & Gas and Renewables markets. The company has just announced an order for a new Jet Trencher ROV that will be available in the summer of 2012.

Reef Subsea Power & Umbilical, based in Stockton-On-Tees, will provide the installation and trenching of submarine cables (power, inter-array, seismic) and umbilicals to its clients - oil & gas operators and contractors, energy companies, offshore wind farm developers, project management & engineering houses as well as product manufacturers.

Reef Subsea Power & Umbilical’s range of capabilities includes onshore and offshore project management & engineering for the installation and trenching of submarine cables and umbilicals, plus remedial and deburial services. They plan to offer their clients a worldwide service.

Reef Subsea Power & Umbilical Ltd. will initially perform subsea cable and umbilical installation and burial work scopes from the CSV Polar Prince, a DPII construction vessel which has already installed and trenched power cables in both the Thanet and Greater Gabbard offshore wind farms. Polar Prince’s charter to Reef Subsea from GC Rieber Shipping has been extended and the vessel is today fitted out with a complete installation spread, including a SMD MD3 cable plough. The vessel will be available shortly for a range of work scopes following its successful completion of the inter-array installation scope at the Greater Gabbard offshore wind farm.

In the summer of 2012 the new SMD designed-and-built Jet Trench ROV will be delivered to Reef Subsea Power and Umbilical Ltd., which will encompass the very latest ROV technology allowing significant jetting power providing up to a 3m burial capability in ground conditions varying from soft to hard. The unit will be delivered complete with a dedicated high sea-state launch and recovery system.

Mark Preece, Reef Subsea Chief Executive Officer, said: “Together with our Board, we are very pleased to bring Reef Subsea Power & Umbilical Ltd. to the subsea markets – Oil & Gas as well as Renewables. In 2011 Reef Subsea Power & Umbilical have been successfully working with their sister company Technocean on the installation and trenching work at Greater Gabbard. Thanks to their highly experienced project management and offshore teams, backed by first-class assets, they are now ideally positioned to tackle our clients’ future needs".

Reef Subsea AS is an international group providing cost-effective integrated subsea services to the Oil & Gas and Renewables industries. Its specialised subsidiaries - Technocean, Reef Subsea Power & Umbilical, S³ and Scanmudring - provide operators and contractors with highly experienced personnel, key subsea technologies and construction support vessels. Reef Subsea serves its clients in the deepwater or demanding environments of the North Sea, North Atlantic and South East Asia areas. Reef Subsea is a 50/50 owned company of GC Rieber Shipping and HitecVision.

Learn more about Reef Subsea Power & Umbilical on our web site www.reefsubsea.com

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