Norway: TTS Secures $ 22.6 Mln Equipment Order from STX

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS signed a contract worth approximately NOK 130 million (approx $22.6 mln) in Korea.

The contract is with STX Offshore & Shipbuilding Co., Ltd in Korea and concerns delivery of four large offshore cranes and equipment for riser handling, including a special crane for pipe handling. The equipment is to be installed on a drillship ordered by Sigma Drilling Ltd. The contract with STX also comprises an option for delivery of four identical equipment installations.

Delivery of the equipment will take place in the 3rd and 4th quarter of 2014.

[mappress]

Press Release, November 20, 2012