Swedish Subseatec AB, a Scana ASA subsidiary, has recently been awarded several contracts to deliver Subsea equipment parts for field development in Africa and South East Asia. The total value of the contracts is approx. 13 MSEK with option for additional 6 MSEK.

Subseatec’s scope is delivery of parts for subsea production systems including engineering, procurement, testing and documentation.

 “These products will be delivered against the industry standard for high pressure and high temperature developments”, says Peter Jansson, Managing Director of Subseatec.

Manufacturing is planned to start immediately. Deliveries will commence from Q4 2020 and continue through Q3 2021.

“The contract is an acknowledgement of our engineers’ leading expertise on advanced products for the oil and gas industry. It also represents a strong recognition of our continuous product development for use of high-tensile grades in high pressure and corrosive environments”, says Jansson.

With the company’s origin in the steel business, Subseatec has a unique understanding of properties and the production methods required for each material grade. The company also has access to a strong and reliable supply chain for forging, machining, welding, coating, connections, testing and inspections.

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For additional information, please contact:

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

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.

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