Subseatec secures several subsea-contracts

Norwegian-owned Subseatec, a subsidiary of Scana ASA, was recently awarded a contract to supply subsea equipment for field developments in Africa and Southeast Asia.

The total contract value is approximately SEK 13 million, with an option for an additional SEK 6 million. The company will deliver a complete package including subsea equipment, engineering, procurement, and documentation.

“The products will be delivered in accordance with the industry’s strictest standards for high-pressure and high-temperature applications,” says Peter Jansson, Managing Director at Subseatec.

Production is scheduled to start immediately. Deliveries will begin in the fourth quarter of 2020 and continue through the third quarter of 2021.

“This contract confirms the leading expertise of our engineers in advanced forged products for the oil and gas industry. It also represents strong recognition of our ongoing product development in long forged steel components with high tensile strength, used in risers for deepwater field developments,” says Jansson.

With its roots in the steel industry, Subseatec has a unique understanding of the properties and production methods required for each material grade. The company also benefits from a strong and reliable supply chain for forging, machining, welding, coating, connections, testing, and inspection.

About Subseatec
Subseatec S AB is one of the most experienced specialist companies in the world in forged riser applications for the oil and gas industry. The company is owned by Scana ASA, an industrial investment company listed on the Oslo Stock Exchange, which owns several well-known portfolio companies.