Bergen, 25 January 2023: Equinor has awarded Scana-owned PSW Technology a three-year contract for maintenance services to the Mongstad refinery. The substantial contract has an annual value of approx. NOK 200 million, or a total of approx. NOK 1.8 billion if the options are fulfilled and PSW has the assignment for the next nine years.

PSW will deliver maintenance personnel and prefabrication to the refinery. The main scope of work will be carried out by PSW Technology, with major contributions from sister companies PSW Power & Automation and PSW Solutions. The latter has handled tank maintenance and sludge services at the refinery for the past ten years. PSW is also joined by local subcontractors such as Mongstad Industrier and Østerbø Maskin. Work starts on 1 February with full effect from 1 May, and benefits from PSW’s core services and close proximity to the refinery.

“We see the contract as a great vote of confidence from Equinor and look forward to good cooperation in the years to come. For PSW this is a game changer. After seven lean years in the drilling industry, PSW Technology has secured an important foundation for the coming years. The contract doubles the company’s turnover and provides a welcomed long-term perspective,” says Oddbjørn Haukøy, Scana CEO and co-founder of PSW.

For more information, please contact:
Oddbjørn Haukøy, CEO, Scana ASA, +47 911 71 914

PSW in brief
PSW is a supplier of products, systems and services to energy companies and the maritime industry. The group’s multidisciplinary expertise, state-of-the-art facilities and strategic partnerships enable us to meet industry requirements and customer challenges with safe, dependable, and cost-effective solutions. psw.no

Scana in brief
Scana is a listed industrial owner company in the ocean industries creating value through active ownership in market-leading portfolio companies. Our vision is to accelerate decarbonisation of the maritime and offshore sector by being a driving force in electrification and emission reduction solutions. Scana’s portfolio companies have a solid innovation and commercialisation history based on core competence in selected niches. Scana is headquartered in Bergen and has around 350 employees. www.scana.no