Scana-owned PSW Technology has signed an agreement with an international subsea customer for deep-water BOP stack services.
The agreement involves services for modification, classification, and testing of a deep-water BOP stack. 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.
The agreement shows PSW’s unique expertise and 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.
“The offshore rig market shows strong signs of recovery and PSW Technology is prepared and positioned to handle an increased activity level. We are grateful for the trust large international companies show us by giving us this type of contracts,” says Geir Knapskog, interim Managing Director of PSW Technology.
PSW Technology is a leading provider of services and maintenance of BOP and well control equipment in the North Sea. I believe we are chosen for the experience and expertise we have in-house,“ says Oddbjørn Haukøy, CEO in 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.
Subsea blowout preventer (BOP) is a safety-related instrumented system that is used in underwater oil drilling to prevent the well to blowout.
