27 Feb 2023 13:56 CET

Issuer

Scana ASA

Bergen, 27 February 2023: Scana-owned PSW Technology has signed an agreement
with Deep Value Driller for deep-water BOP stack services.

The agreement involves services for classification and testing of two deep-water
BOP stacks. Work starts first quarter of 2023 and benefits from the company’s
state of the art facilities at Mongstad. This is a sizable (1) contract for the
company.

PSW has in the beginning of 2023 been awarded several assignments for upcoming
drilling projects worldwide. This confirms our expertise and position for
services related to well control and drilling equipment for the rig market. The
past 15 years PSW has collaborated with international drilling contractors on
the maintenance of subsea and drilling equipment.

“In the mobilization of our state-of-the-art drill ship, one of the most
critical tasks is the re certification of our well control equipment. We chose
PSW based upon their competence and experience to make sure we deliver according
to the timeline and quality requirements set for our project,” says Svend Anton
Maier, CEO in Deep Value Driller.


- We appreciate Deep Value Driller giving us this chance . PSW will deliver
service and upgrades that will contribute to efficient operation of the
drillship, says Oddbjørn Haukøy, interim CEO of Scana.

(1) A sizeable contract is defined to be between NOK 10 million and NOK 50
million.
(2) A substantial contract is over NOK 50 million.


For more information, please contact:
Oddbjørn Haukøy, interim CEO, Scana ASA, +47 911 71 914
Geir Knapskog, interim Managing Director, PSW Technology AS, +47 970 97 482


PSW in brief
PSW is a supplier of products, systems and services to energy companies and the
maritime industry. The group's multidisciplinary expertise, state-of-the-art
facilities and strategic partnerships enable us 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. Our vision
is to accelerate decarbonisation of the maritime and offshore sector by being a
driving force in electrification and emission reduction solutions. Scana’s
portfolio companies have a solid innovation and commercialisation history based
on core competence in selected niches. Scana is headquartered in Bergen and has
around 350 employees.
www.scana.no


Source

Scana ASA

Provider

Oslo Børs Newspoint

Company Name

SCANA

ISIN

NO0003053308

Symbol

SCANA

Market

Oslo Børs