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Cable tender dispute lands Reach Subsea in court
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Cable tender dispute lands Reach Subsea in court
Norwegian subsea services player Reach Subsea is facing a compensation claim of up to NOK158.5m ($16m), plus interest, from state-owned electricity transmission operator Statnett following a dispute over a cable installation tender. The Haugesund-based company disclosed that one of its wholly owned subsidiaries had received a statement of claim from Statnett concerning a tender process …
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