TTS signs contract for offshore drillship crane package

Source:TTS Group

TTS signs contract for offshore drillship crane package

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS in Norway, signed a contract with a total value of approx. 120 MNOK.

The contract is with Daewoo Shipbuilding & Marine Engineering Co., Ltd. in Korea and concerns delivery of four large offshore cranes, additional equipment for riser handling and pipe handling for a drillship for Vantage Drilling Company, USA. The contract comprises three options for delivery of identical equipment.

"After being awarded a similar contract from STX Offshore & Shipbuilding Co., Ltd. In November 2012, this contract represents a final breakthrough in a very interesting and significant market segment. We have pursued prospects within this segment for a long time, and this contract enhances our position within offshore load handling" says CEO Johannes D. Neteland.

TTS has long traditions in serving the worldwide shipbuilding and oil industry, where TTS Offshore Handling Equipment AS delivers offshore cranes and load handling solutions.

The delivery will take place in the 3rd quarter of 2014.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs