Reference to announcement 6.9.2011 relating to letter of intent (LOI) signed with OSX WHP 1&2 Leasing B.V, a subsidiary of OSX S.A of Brazil, regarding delivery of two complete wellhead platform drilling units.
TTS Energy AS has on the 12th of January 2012 signed the contract for delivery of these two wellhead platform drilling units.
The 2 units are to be delivered Q2 and Q3 2013. The scope of work will be performed jointly by a consortium consisting of TTS Energy AS, Simens AS, AS Nymo and MI-Swaco. The total value of the TTS drilling packages for the 2 units is MNOK 730 which represents approx. half of the total value.
TTS Energy is a supplier of high performance drilling and handling solutions to the international oil and gas industry.
OSX is a Brazilian company focused on the supply of equipment and services for the offshore oil and gas industry, through integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services.
Bergen, 13 January 2012.
Contact persons:
Johannes D. Neteland
President & CEO
Tel +47 918 46 906
Arild Apelthun
CFO
Tel +47 918 19 265
TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
