Subseatec Signs Riser Joint Contract

Source: www.gulfoilandgas.com 8/9/2022, Location: Europe

Subseatec has signed a contract with an international energy company for the delivery of riser joints. The high-strength joints are intended for an offshore field development. This is a sizeable (1) contract for Scana ASA.

Subseatec’s scope is a delivery of ready to use riser joints in low alloyed steel, including engineering, manufacturing, procurement, and documentation.

This order is a strong recognition of the company’s capability to deliver advanced products to the industry and the continuous development of long joints in high-strength steel grades for the use in offshore field developments.

“The contract represents a strong recognition of Subseatec’s competitiveness, engineering capabilities, and also the company’s ability to handle complex deliveries,” says Styrk Bekkenes, CEO in Scana ASA.

Manufacturing is planned to start immediately, and the deliveries will commence during 2023.

(1) A sizeable contract for Scana is defined to be between NOK 10 million and NOK 50 million. A substantial contract is over NOK 50 million.





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