Bergen, 3 October 2023: Scana-owned Subseatec S AB has signed another sizeable
(1) contract within subsea development with an international energy company to
deliver steel stress joints to the US Gulf of Mexico (GoM). This contract
demonstrates Subseatec standing as one of the most experienced specialists in
riser applications within the global oil and gas industry.
Subseatec' s scope is a total delivery of steel stress joints in low alloyed
steel, including engineering and procurement. These are stress joints for steel
catenary risers made in high strength steel for an offshore deep-water
development.
Manufacturing is planned to start immediately, and the deliveries will commence
during 2024.
"The contract is an acknowledgment of our standing within the field of long
steel riser parts in high strength steel," says Peter Jansson, Managing Director
in Subseatec S AB.
"This second contract reaffirms the position Subseatec has in today's market,"
says Pål Selvik, CEO, Scana ASA
(1) A sizeable contract is defined to be between NOK 20 million and NOK 50
million.
(2) A substantial contract is between NOK 50 million and NOK 150 million.
(3) A large contract is over NOK 150 million.
For more information, please contact:
Pål Selvik, CEO, Scana ASA, +47 970 46 502
Peter Jansson, Managing Director Subseatec S AB, +46 550 25392
Subseatec in brief
Subseatec S AB is one of the most experienced specialist companies in the world
on steel riser applications for the oil and gas industry. www.subseatec.se
Scana in brief
Scana is a listed industrial owner company in the ocean industries creating
value through active ownership in market-leading portfolio companies. Scana is
headquartered in Bergen and has around 400 employees. www.scana.no