Bergen 9. August: Scana-owned Subseatec has signed a contract with an international energy company for the delivery of riser joints. The high-strength joints are intended for an offshore field development. This is a sizeable (1) contract for the company. 

Subseatec’s scope is a delivery of ready to use riser joints in low alloyed steel, including engineering, manufacturing, procurement, and documentation.

This order is a strong recognition of the company’s capability to deliver advanced products to the industry and the continuous development of long joints in high-strength steel grades for the use in offshore field developments.

“The contract represents a strong recognition of Subseatec’s competitiveness, engineering capabilities, and also the company’s ability to handle complex deliveries,” says Styrk Bekkenes, CEO in Scana ASA.  

Manufacturing is planned to start immediately, and the deliveries will commence during 2023.

(1) A sizeable contract for Scana is defined to be between NOK 10 million and NOK 50 million. A substantial contract is over NOK 50 million.

For more information, please contact:

Styrk Bekkenes, CEO, Scana ASA, +47 404 03 520
Peter Jansson, Managing Director, Subseatec S AB, tel. +46 550 25392

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 decarbonization 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 commercialization history based on core competence in selected niches. Scana is headquartered in Bergen and has around 350 employees. www.scana.no

Subseatec in brief
Subseatec is one of the most experienced specialist companies in the world on steel riser applications for the oil and gas industry. www.subseatec.se

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