Norway: TTS Energy Signs Contract with Ulstein for Crane Supply

Through its subsidiary TTS Energy AS, TTS Group ASA’s Energy division has signed a contract worth approximately NOK 39 million(USD 7.1 million)

The contract is with Ulstein Verft AS in Norway and concerns delivery of a crane.

The delivery will take place in August 2012.

TTS Energy delivers high performance drilling equipment, multifunctional rigs, offshore cranes, offshore winches and world class control systems to the international energy industry.

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Source: TTS Energy, May 27, 2011.