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Press Release

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.


2011-09-06

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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