Printer Friendly

-Norwegan TTS Energy agrees to supply drilling units.

NORDIC BUSINESS REPORT-September 6, 2011--Norwegan TTS Energy agrees to supply drilling units(C)2011 M2 COMMUNICATIONS http://www.m2.com

6 September 2011 - Norwegian ship-equipment maker TTS Group ASA (OSL:TTS) said today its unit TTS Energy AS and a consortium of companies signed a letter of intent (LoI) to provide two wellhead platform drilling units (WPDU) for oil and gas company OSX Brasil SA (SAO:OSXB3).

TTS will supply drilling packages worth some NOK675m, which is around 50% of the overall value. It will team up with Siemens A/S, the Danish unit of German engineering group Siemens AG (ETR:SIE), Norwegian AS Nymo and US-based M-I Swaco.

OSX Brasil entered the deal via its subsidiary OSX WHP 1 & 2 Leasing BV.

(EUR1 = NOK7.7)

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDSeptember 6, 2011>JNNORDIC BUSINESS REPORT.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Date:Sep 6, 2011
Words:148
Previous Article:-Danish FLSmidth expects to seal deal with Russian EcoInvest.
Next Article:-Assa Abloy to make buy in S Korea.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters