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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_InterestExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interest expense</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) operating activities</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) investing activities</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OperatingExpense" xlink:label="loc_ifrs-full_OperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_OperatingExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Operating expense</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_FinanceIncomeCost" xlink:label="loc_ifrs-full_FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_FinanceIncomeCost" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Finance income (cost)</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xlink:label="loc_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ShareOfProfitLossOfJointVenturesAccountedForUsingEquityMethod" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Share of profit (loss) of joint ventures accounted for using equity method</link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_ProposedDividends" xlink:label="loc_reachsubsea_ProposedDividends" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ProposedDividends" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Proposed dividends </link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_Acquiredcashbalancefromconsolidationofoctioasandmonviroas" xlink:label="loc_reachsubsea_Acquiredcashbalancefromconsolidationofoctioasandmonviroas" />
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_Acquiredcashbalancefromconsolidationofsurveyoras" xlink:label="loc_reachsubsea_Acquiredcashbalancefromconsolidationofsurveyoras" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_Acquiredcashbalancefromconsolidationofsurveyoras" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">AcquiredCashBalanceFromConsolidationOfSurveyorAs</link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_AcquiredCashBalanceFromConsolidationOfIsurveyGroupAs" xlink:label="loc_reachsubsea_AcquiredCashBalanceFromConsolidationOfIsurveyGroupAs" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_AcquiredCashBalanceFromConsolidationOfIsurveyGroupAs" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Acquired cash balance from consolidation of iSurvey Group AS</link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_PurchaseOfSharesInSubsidiary" xlink:label="loc_reachsubsea_PurchaseOfSharesInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_PurchaseOfSharesInSubsidiary" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Purchase of shares in subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_reachsubsea_PurchaseOfSharesInSubsidiary" xlink:to="label_reachsubsea_PurchaseOfSharesInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_PurchaseOfSharesInSubsidiary2" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of shares in subsidiary</link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_RepaymentOfBorrowingsAndLeasesIncludingIfrs16" xlink:label="loc_reachsubsea_RepaymentOfBorrowingsAndLeasesIncludingIfrs16" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_reachsubsea_RepaymentOfBorrowingsAndLeasesIncludingIfrs16" xlink:to="label_reachsubsea_RepaymentOfBorrowingsAndLeasesIncludingIfrs16" />
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_ProposedDividendsMember" xlink:label="loc_reachsubsea_ProposedDividendsMember" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ProposedDividendsMember" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Proposed Dividends Member</link:label>
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    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_OperatingIncomeInTotal" xlink:label="loc_reachsubsea_OperatingIncomeInTotal" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_OperatingIncomeInTotal" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Operating income in total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_reachsubsea_OperatingIncomeInTotal" xlink:to="label_reachsubsea_OperatingIncomeInTotal" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_OperatingIncomeInTotal2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating income in total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_reachsubsea_OperatingIncomeInTotal" xlink:to="label_reachsubsea_OperatingIncomeInTotal2" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXK7FS45-2022-12-31.xsd#reachsubsea_OperatingIncomeInTotalAbstract" xlink:label="loc_reachsubsea_OperatingIncomeInTotalAbstract" />
    <link:label xlink:type="resource" xlink:label="label_reachsubsea_OperatingIncomeInTotalAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Operating income in total [abstract]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ProcurementExpenses" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Procurement expenses</link:label>
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    <link:label xlink:type="resource" xlink:label="label_reachsubsea_OperatingExpenseAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Operating expense [abstract]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_reachsubsea_ProfitLossFromOperatingActivitiesAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) from operating activities [abstract]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_reachsubsea_FinanceIncomeCostAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Finance income (cost) [abstract]</link:label>
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