Bergen, 1 December 2023: Scana-owned PSW Technology has signed an agreement
with an International offshore drilling contractor for a deep-water riser
system.
The work involves services for inspection, classification and testing of the
riser systems.
Work starts immediately and benefits from the company's core services of
logistics, certification, preparation, and maintenance. Equipment and services
will be delivered from PSW's modern facilities at Mongstad. This is a sizable
(1) contract for the company. Delivery will take place Q2-2024.
"This contract demonstrates PSW's unique expertise and services related to well
control and drilling equipment for the rig market. It is a great recognition
that PSW Technology has been awarded this contract," says Richard Cornell,
Managing Director in PSW Technology.
(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, Chief Executive Officer, Scana ASA, +47 970 46 502
Richard Cornell, Managing Director, PSW Technology AS, +47 952 31 652
PSW in brief
PSW is a supplier of products, systems and services to energy companies and the
maritime industry. The company's multidisciplinary expertise, state-of-the-art
facilities and strategic partnerships enables the company to meet industry
requirements and customer challenges with safe, dependable, and cost-effective
solutions. psw.no
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 500 employees. www.scana.no