Scana company renews frame agreement with an international rig company for subsea services.

29 Oct 2024 15:51 CET

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

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