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Press Release

TTS Ц Energy Division signed contract

Reference to announcement 6.9.2011 relating to letter of intent (LOI) signed with OSX WHP 1&2 Leasing B.V, a subsidiary of OSX S.A of Brazil, regarding delivery of two complete wellhead platform drilling units.

TTS Energy AS has on the 12th of January 2012 signed the contract for delivery of these two wellhead platform drilling units.

The 2 units are to be delivered Q2 and Q3 2013. The scope of work will be performed jointly by a consortium consisting of TTS Energy AS, Simens AS, AS Nymo and MI-Swaco. The total value of the TTS drilling packages for the 2 units is MNOK 730 which represents approx. half of the total value.

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

OSX is a Brazilian company focused on the supply of equipment and services for the offshore oil and gas industry, through integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services.


2012-01-16

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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