Scana Industrier to Supply Steel for Ichthys Project

Scana Industrier ASA has through its subsidiary Scana Steel Stavanger, been awarded a new contract from Samsung Heavy Industry for delivery of steel casting intended for the Australian Ichthys project, representing a value of 36-million NOK.

Including previously received orders from Samsung for the same project, the total value adds up to 93 MNOK.

The project will commence activity immediately, and deliveries will complete by the end of 2013 and the contract includes approx. 60 casting components which are part of the mooring system for the Ichthys project.

The Ichthys field off the NW coast of Australasia was named after the classical Greek word for “fish”. Most likely resource estimates are 12.8 trillion cubic feet of gas and 527 million barrels of condensate to be produced over an operational life of more than 40 years. The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner TOTAL group companies and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas.