Bergen, 29 October 2024: Scana-owned PSW Technology has signed a renewal of a frame agreement with an international rig company for subsea support services.
The framework agreement will commence in Q1 2025 and extend for a period of 2 years. The framework agreement does not entail any delivery obligations but specifies a maximum delivery volume classified as a sizeable-scale contract (1).
“We appreciate the extension of the framework agreement and the trust it represents. We look forward to continuing our strong collaboration and are noticing increased demand in the subsea market,” says Richard Cornell, Managing Director of 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, CEO, Scana ASA, +47 970 46 502
Richard Cornell, Managing Director, PSW Technology AS, +47 952 31 652
PSW Technology in brief
PSW Technology 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. www.pswtechnology.no
Scana in brief
Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has above 600 employees. www.scana.no