Awarded new contract with an estimated contract value of MNOK 1.8 billion including options

Equinor has awarded PSW Technology, a subsidiary of Scana, a three-year contract for maintenance services at the Mongstad refinery. The substantial contract has an annual value of approximately NOK 200 million, or around NOK 1.8 billion in total if options are exercised and PSW remains responsible for the work over the next nine years.

PSW will provide maintenance personnel and prefabrication services to the refinery. The main scope of work will be carried out by PSW Technology, with significant contributions from sister companies PSW Power & Automation and PSW Solutions. The latter has been responsible for tank maintenance and sludge services at the refinery for the past ten years.

PSW will also collaborate with local subcontractors, including Mongstad Industrier and Østerbø Maskin. The work will begin on February 1, with full operations starting May 1, and will benefit from PSW’s core services and proximity to the refinery.

“This contract represents a strong vote of confidence from Equinor, and we look forward to a productive collaboration in the years to come. For PSW, this is a game changer. After seven lean years in the drilling industry, PSW Technology has secured a vital foundation for the future. The contract doubles the company’s revenue and provides a welcome long-term perspective,” says Oddbjørn Haukøy, CEO of Scana and one of the founders of PSW.

For more information, please contact:

Oddbjørn Haukøy, CEO, Scana ASA, +47 911 71 914