Scana-owned Subseatec S AB has secured a contract for delivery of riser products from a Singapore-based client for an oil and gas project in Malaysia.

The contract supports an extension to an existing oil and gas field, operated by a global energy company.

This is a sizeable contract (1) for the company. The project will start immediately, with deliveries scheduled for early 2027.

(1) A sizeable contract is defined to be between NOK 25 million and NOK 75 million.

(2) A substantial contract is defined to be between NOK 75 million and NOK 150 million.

(3) A large contract is defined to be between NOK 150 million and NOK 250 million.

(4) A very large contract is defined to be over NOK 250 million.

This stock exchange announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 9 February 2026 at 10:27 CET.

For more information, please contact:

Baste Tveito, CEO, Scana ASA, +47 916 69 641