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Scana ASA ( (DE:1MP) ) just unveiled an announcement.
Scana-owned Subseatec S AB has won a significant-value contract, estimated between NOK 25 million and NOK 75 million, to supply steel riser products from a Singapore-based customer to an oil and gas field expansion project in Malaysia. The project, which starts immediately with deliveries scheduled for early 2027, strengthens Scana’s role in offshore energy equipment and underscores Subseatec’s positioning as a key global supplier to major oil and gas developments in Asia.
More about Scana ASA
Scana ASA is an industrial owner focused on technology and services for the energy and offshore industries, with roots dating back to the early 1900s. Headquartered in Bergen and employing around 500 people, Scana emphasizes innovation, quality and value creation, while its subsidiary Subseatec S AB is a specialist in steel riser applications for the global oil and gas sector.
YTD Price Performance: 5.06%
Average Trading Volume: 568,771
Current Market Cap: NOK690.1M
Find detailed analytics on 1MP stock on TipRanks’ Stock Analysis page.