The larger US$7.8 million order is for one mechanical handling package, for the Ensco 8502 ultra-deepwater semisubmersible currently on order to Keppel FELS Limited from ENSCO International, Inc. The order calls for Patriot to deliver during 2007/08 a riser gantry crane, marine deck cranes, BOP handling, and tree handling systems, and to provide training, spare parts and commissioning services.
The Petrobras order totals US$3.8 million and is for the supply of 2 marine king post deck cranes for the P-14 platform. Delivery is scheduled for Q4-2007.
Paul Findlay, Group CEO of Global Marine Energy PLC, commented:
"Ensco's decision to chose Patriot to supply the rig package, on this third newbuild rig of the 8500TMseries, is based on the quality of our equipment and our levels of service. This is an important relationship for our company and is indicative of Patriots' commitment to its customers.
"The order from Petrobras, the world leader in deepwater exploration and production, further reinforces our presence in the Brazilian market and is a testament to our ability to meet the demanding technical, safety and delivery requirements of large operators.
"We will continue to look to build similar strong relationships with other major drilling contractors."
Headquartered in Shipley, Yorkshire, GME is an oilfield services business with a strong emphasis on supplying equipment for offshore drilling and exploration. The company has two subsidiaries: the Houston-based Patriot Mechanical Handling, Inc., where GME has an 82.76% interest, providing comprehensive engineering solutions for mechanical handling to the offshore oil and gas industry, and the wholly-owned Newcastle-based NIM Engineering, which provides handling and access equipment to the engineering, oil and gas and marine industries.
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