Scana to Deliver MCCTLF for GOM Proj.

Scana has through its subsidiary Scana Offshore Systems Inc. in Houston, been awarded a contract to deliver a Motion Compensating Coil Tubing Lift Frame (MCCTLF) for a non-disclosed project in the Gulf of Mexico.

Contract value is approx 2.75 MUSD for patent pending system.

The concept of developing a MCCTLF is a result of the good cooperation between Scana Offshore Services and Stingray Offshore Solutions having designed the system (25% owned by Scana). The project awarded recognizes Scanas product development program and honors the presentation of new innovative product solutions to the market.

Project will start immediately and will be executed from the Scana facilities in Houston, Texas.

CEO in Scana Industrier ASA, Mr. Rolf Roverud, is most pleased with this breakthrough contract. "This contract introduce a new engineered product from Scana Offshore Services. This is a product which has future potentials in the increasing well intervention market."