Scana subsidiary wins several riser joint contracts

Scana ASA’s subsidiary Subseatec is awarded several contracts to deliver machined riser joints in high strength steels to field developments in the Gulf of Mexico and Brazil.

The total contract value is approx. 15 MSEK, a significant increase of the order backlog. Subseatec’s scope includes assembly, testing and delivery of up to 10 riser joints. Manufacturing of the equipment is planned to start immediately, and deliveries will commence from third quarter 2021 to first quarter 2022.

“In a demanding market, we are pleased to secure new contracts from well-known customers. The orders represent a strong recognition of Subseatec’s competitiveness, engineering capabilities, and the company’s ability to handle complex deliveries,” says Styrk Bekkenes, CEO of Scana ASA.

——————————————————

For additional information, please contact:

• Peter Jansson, Managing Director, Subseatec S AB, tel. +46 550 25392
• Styrk Bekkenes, CEO Scana ASA, tel. +47 40 40 35 20

About Subseatec:

Subseatec is one of the most experienced specialist companies in the world on subsea equipment and riser applications for the oil and gas industry. The company is owned by Scana ASA, which is listed on Oslo Stock Exchange and owns several renowned portfolio companies.
subseatec.se / scana.no