Scana ASA: Scana company secures contract for riser products from Singapore-based client

Bergen, 9 February 2026: Scana-owned Subseatec S AB has secured a contract for delivery of riser products from a Singapore-based client for an oil and gas project in Malaysia.

The contract supports an extension to an existing oil and gas field, operated by a global energy company.

This is a sizeable contract (1) for the company. The project will start immediately, with deliveries scheduled for early 2027.

(1) A sizeable contract is defined to be between NOK 25 million and NOK 75 million. (2) A substantial contract is defined to be between NOK 75 million and NOK 150 million. (3) A large contract is defined to be between NOK 150 million and NOK 250 million. (4) A very large contract is defined to be over NOK 250 million.

For more information, please contact:

Baste Tveito, CEO, Scana ASA, +47 916 69 641

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 around 500 employees. www.scana.no

Subseatec in brief Subseatec S AB is one of the most experienced specialist companies in the world on steel riser applications for the oil and gas industry. www.subseatec.se