Scana awarded international subsea contracts
Scana Industrier ASA has been awarded two projects to deliver machined tendom
forgings through its subsidiary Scana Subsea AB. The high tensile long forgings
are intended for Gulf of Mexico and Brazil as part of field development
projects.
Value of contracts are approx 8,6 MUSD.
-The contracts are strong recognition of Scana´s continued work in material
qualification and capability investment in ultra long forgings in high tensile
material grades. The project awards show the potential for Scana deliveries in
the ultra-deep developments, Scana CEO Rolf Roverud says.
Manufacturing is planned to start immediately and deliveries will commence from
2(nd) quarter 2011 and continue into 2012. The contract will in great extent
also involve our subsidiary Scana Steel Björneborg.
Scana Industrier ASA is a Nordic industrial group providing products and system
solutions to three market segments: Marine, Energy and Steel & Machinery. Scana
also provides service and laboratory services, in addition to maintenance and
repairs for customers in the marine market and oil & gas.
Scana's technology, unique expertise in engineering materials and extensive
production experience form the basis of our competitive power. Our aim is to be
the preferred supplier for leading companies within our market segments. The
majority of Scana's customers are in Europe, the USA and South East Asia.
The group has companies in Norway, Sweden, China, USA, Poland, Singapore, Brazil
and South Korea, as well as associated companies in a number of countries. At
the beginning of 2010, Scana has more than 1,600 employees. The head office is
in Stavanger, Norway.
For additional information, please contact:
* Rolf Roverud, CEO in Scana Industrier ASA, tel. +47 911 67 581
* Jan Henry Melhus, Senior Vice Precident, Scana Industrier ASA, tel.
901 67 010
* Christian Rugland, CFO in Scana Industrier ASA, tel. +47 952 952 55
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1465009]