Reach Subsea is working on a new project that aims to decarbonise its sector of the offshore vessel industry.

The Oslo-listed company, which controls a fleet of offshore vessels, said it is working with "strong industrial partners" to reshape the way subsea services are carried out.

Reach is keeping details of the "innovative solution" under wraps for now, but said more information will be announced in the first part of 2021, with the aim of bringing it to market in 2022.