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Press Release

TTS - Contracts to TTS' Energy Division

TTS Energy AS, subsidiary of TTS Group ASA, has signed contracts with DSIC Offshore in Dalian, China, for delivery of four BOP handling packages for the JU2000E Jack-ups currently under construction at the yard for Prospector Offshore Drilling.

The new contracts are in addition to the previous contracts for complete drilling packages for the same jack-ups and have a total value of approximately USD 14 million or NOK 75 million.

The BOP handling packages are scheduled for delivery during 2012.

TTS Energy is a supplier of high performance drilling and handling solutions to the international oil and gas industry.


2011-05-31

Please see TTS Group ASA company electronic office

For further information, please contact
Bjorn Andersson,
CEO & President,
TTS Group ASA,
Phone (+47) 911 33 671

Henrik Solberg-Johansen,
CFO TTS Group ASA,
phone (+47) 982 06 438

Miao Reinlund,
Vice President Corporate
TTS Group ASA,
phone (+ 47) 900 65 883

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