Subseatec S AB has signed another sizeable (1) contract within subsea development with an international energy company to deliver steel stress joints to the US Gulf of Mexico (GoM). This contract demonstrates Subseatec’s standing as one of the most experienced specialists in riser applications within the global oil and gas industry.
Subseatec’s scope is a total delivery of steel stress joints in low alloyed steel, including engineering and procurement. These are stress joints for steel catenary risers made in high-strength steel for offshore deep-water development.
Manufacturing is planned to start immediately, and the deliveries will commence in 2024.
“The contract is an acknowledgement of our standing within the field of long steel riser parts in high strength steel,” says Peter Jansson, Managing Director in Subseatec S AB.
“This second contract reaffirms the position Subseatec has in today’s market,” says Pål Selvik, CEO, Scana ASA.
(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
Peter Jansson, Managing Director Subseatec S AB, +46 550 25392