On-line supplement
to the Maritime Market magazine

TTS - Contracts to Energy division

TTS Energy AS, subsidiary of TTS Group ASA, has signed a Letter of Intent (LoI) with OSX WHP 1 & 2 Leasing B.V, subsidiary of OSX S.A of Brazil, for delivery of two complete wellhead platform drilling units (WPDUs). The companies are aiming to enter a firm contract within short time.

The scope of work will be executed jointly by a Consortium consisting of TTS Energy AS, Siemens AS, AS Nymo and MI-Swaco. The value of TTS drilling packages for the two drilling units is approximately MNOK 675 which represents approximately 50% of the total value.

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

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

Company press releases

• First TTS shipset delivered to COSCO/Shanghai Shipyard
• New contract for cargo access equipment
• New contract for cargo access equipment
• 3.500 ton shiplift order to Kuwait Oil Company
• PALFINGER intends to make a takeover bid for Norwegian TTS Group ASA