Annual Report 2010 - Scana Industrier ASA

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34Annual Report 2010 Scana Industrier ASAManaging director: Peter JanssonScana subseaScana Subsea is a company that delivers subsea and riser applications to the oil and gas industry.With high material and production skills and competence, the company takes an overallresponsibility for manufacture, assembly and testing of complex products. The companyadds value for customers through optimal production solutions.The company works with sales, contract managementand product development. Production is done by thesteel producing companies within the Scana group,accompanied by established partners and vendors ofservices outside the group. The company will utiliseScana’s strong market position within steel and forgedproduction of long and heavy components.Markets and customersScana Subsea exports 100 % of its turnover. Customersrange from oil companies to system/product suppliersinternationally, with the USA representing the largestmarket. The North Sea, Brazil and Southeast Asia arealso important commitment areas.2010 became a good year for Scana Subsea, securingseveral large contracts for risers to the North Sea andthe Gulf of Mexico. Sales increased by more than100 % compared to recent years. An importantcompetitive advantage is Scana’s experience inhandling long and heavy products. This enables Scanato accept orders with shorter delivery times than manyof our competitors. The company also has a strongsales network.Risers will continue to be the company’s most importantproduct. In addition, the company works hard to expandthe product range. For 2011, an increase in demandfor risers is expected. In addition, the company canutilise production capacity in the Scana group in timesof relatively low production. This provides access to anumber of smaller and shorter projects.Through establishing Scana Subsea, Scana attainsa more efficient project mangament and takesresponsibility for the entire manufacturing process.The effects of this is increased efficiency and reducedcost for the customers resulting in increased orderintake.Products and servicesThe company’s main products are forged, rotatingsymmetrical, long and thin components with a hightechnical content. These are delivered to riser andtendon systems within the oil and gas industry. Materialengineering and metallurgical skills are also a part of thecompany´s deliveries.Scana has won contracts for delivery of forged and machined tandon systemswith high tensile materials for several major development projets in the gulfof Mexico and Brasil. Scana also won the contract for delivery of forgedproduction risers to Snorre TLP on the Norwegian Continental shelf.The company’s products are often key components forthe customers. Scana Subsea supplies componentswith different degrees of completion, depending on thecustomers’ requirements. The company emphasisesresearch and development to further strengthen thequality of its products and has an ongoing cooperationwith research institutes in Sweden.
Managing director: Ørnulf MyrvollScana OffShore vestbyScana Offshore Vestby is acknowledged as a creative and solid partner within the offshore,industrial and maintenance market. Based on significant knowledge and skills within design,engineering, materials and production, the company has developed and delivered systems,components and carried out maintenance and upgrade assignments.35Annual Report 2010 Scana Industrier ASAIn early 2011, Scana got a significant breakthrough in Brazil when Vestby won a contract for the delivery of unloading systems to eight FPSOs to be operating inBrazilian waters.Scana Offshore Vestby traces its roots back to 1953. AtScana Offshore Vestby, there are strong competencieswithin design, engineering, purchase, manufactureand installation aimed at the oil and gas industry. Thecompany also serves select customers within theenergy and industry market and cooperates smoothlywith other Scana companies.Markets and customersScana Offshore Vestby supplies advanced products andsystems to customers in the offshore market. In 2010,the activity has been low because the financial recessionstill affects the company’s primary product areas withinfloating manufacture (FPSO). During 2010, the companyhas strengthened its sales and market initiatives, bothwithin the offshore and maintenance market. Thus,the company has increased its international activitiestowards new customer groups. Increased interestand activity throughout 2010 is expected to yieldresults in 2011. In early 2011, Scana was able to gain aconsiderable breakthrough in Brazil by the award of aletter of intent for the delivery of unloading systems toeight FPSOs to be operating in Brazilian waters.Products and servicesThe company is particularly strong with regard tothe manufacture of prototypes and heavy, complexproducts and systems. Scana Offshore Vestbyassembles, tests and installs anchoring, loading andunloading systems for floating production units. Thecompany undertakes orders within maintenance andupgrade of equipment to the offshore industry.Based on our leading expertise in thermal coating, thecompany is positioned as a supplier of modification andmaintenance on risers and valve components. Furtherdevelopment of the engineering and manufacturingenvironments at Vestby will help strengthen the productand service portfolio towards complete and improvedsystems deliveries.The company’s main products and services are:• Hose reels for unloading oil from floating productionand storage units• Linear anchor winches for floating production andstorage units• Turret and buoy solutions• Gas-tight, multiphace swivels for loading andoffloading systems• Advanced thermal spraying for corrosion protectionand wear-resistant materials• Riser repairs and refurbishments, plus upgrade ofcomponents• Production of deployment machines• Maintenance on offshore equipment
Page 2 and 3: 3 THE SCANA GROUP4 Objectives and m
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Page 9 and 10: Historical highlights1652Scana’s
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Page 21 and 22: Managing director: Sten IsraelssonS
Page 25 and 26: 25The product area Scana Propulsion
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Page 49 and 50: 49Scana GROUP Cash flow STATEMENT(N
Page 51 and 52: 51notes group 2010Note 1. Group acc
Page 53 and 54: 53Acquisition cost for tangible fix
Page 55 and 56: 55Where the group expects some or a
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Page 63 and 64: 63Scana Offshore Vestby Scana Offsh
Page 65 and 66: 65Remuneration to key personnel (gr
Page 67 and 68: 67Share option programmedecided in
Page 73 and 74: 73Note 20. Leasing obligationsOpera
Page 75 and 76: 75In 2010, Scana was affected by ca
Page 77 and 78: 77The table below shows the effects
Page 79: 79The table below shows the valuati
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Scana Industrier ASAStrandkaien 2,
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