TTS Marine Grabs Delivery Contract for 7 Land Rigs

Through its subsidiary TTS Sense Canada Ltd, Edmonton, TTS Marine ASA's Drilling Equipment division has entered into a contract with Weatherford Drilling International Ltd, Houston, USA, worth approximately NOK 380 million.

The contract landed concerns delivery of seven (7) Ultrasingle 150 tons 'rack & pinion' mobile land rigs with delivery starting early 2009. This contract, entered into with a significant player in the oil industry, contributes to
strengthen the position for TTS as a supplier of land rigs.