INCUS INVESTOR ASA - New contract to Scana Offshore

Scana Offshore, a subsidiary of INCUS Investor ASA, has signed a new contract with Statoil Petroleum AS. The total value of the contract is approximately 18 million NOK.

Scana Offshore and Statoil Petroleum has through several phases since the fall of 2013 developed a contingency clamp for the Snorre A platform. This new contract includes completion of the design and delivery of one clamp.

-We are proud and pleased to secure this new contract for Scana Offshore says Torkel Lisland, Managing Director of Scana Offshore AS. Scana Offshore has for the last 25 years primarily developed and delivered mooring and oil loading systems, from design and production to offshore service. It is very nice to see that this expertise can be applied to other segments in the offshore industry. We are working in an international market with high cost focus. We have a skilled engineering staff in Norway and an international network of suppliers. This means that we can provide good technical solutions at highly competitive prices, concludes Lisland.

For further information, please contact:
Mr. Torkjell Lisland, Managing Director, Scana Offshore AS, Tel: +47 469 18 044
Mr. Bjorn Torkildsen, CEO, INCUS Investor ASA, Tel: +47 919 19 742

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incus Investor ASA via Globenewswire

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