TTS Marine to Supply Drilling Equipment Package to Keppel FELS

Through its subsidiary Sense EDM AS in Kristiansand, TTS Marine ASA's Drilling Equipment division has landed a contract worth approximately NOK 230m with delivery summer 2010 with Singapore-based Keppel FELS.

The contract with Keppel FELS includes delivery of a drilling equipment package and personnel for supervision during installation and commissioning in Singapore. The drilling equipment package will be installed on a KFELS N-Class Jack-Up rig built for operation in the Norwegian Sector of the North Sea.

In June this year Sense EDM AS landed its first contract for a complete offshore drilling equipment package. The two contracts include several similar elements. The offshore market is asking for more vendors to compete for assignments. TTS has already received several enquiries regarding corresponding deliveries to the agreements landed.