TTS Group ASA’ subsidiary TTS Energy AS has signed a contract with EDC, Egyptian Drilling Company, for various pipe handling equipment. The contract has a value of USD 4,4 million. The equipment will be installed onboard one of EDC`s Jack Up drilling rig within June 2012.
“ In accordance with our strategy, upgrades and equipment sales has high priority. So, these kinds of projects are just right”, says Johannes Neteland, CEO of TTS Group ASA.
TTS Energy is a supplier of high performance drilling and handling solutions to the international oil and gas industry.
[mappress] Source:TTS Energy ,September 19, 2011; Image:EDC