Rolls Royce wins significant Brazilian contract

Rolls-Royce, the global power systems company, has been awarded a significant order to supply integrated power and propulsion systems for seven offshore drilling vessels for Brazilian oil company Petrobras.

Under the £100m deal Rolls-Royce will equip each of the seven vessels with six large thrusters and six Bergen diesel generator sets to enable the systems to propel the vessels to and from drill sites and to accurately maintain their positioning during drilling operations.

Tony Wood, President of Marine at Rolls-Royce, said: "We are delighted to announce this significant order in Brazil for our new customer, Atlntico Sul. This contract builds further on our strong reputation for innovation and technology, and on our market-leading position for power and propulsion systems in the offshore drilling sector."

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Rolls-Royce has delivered propulsion systems for more than 140 mobile drilling units, with systems on order for a further 30 units.

The company has also built 45 Rolls-Royce-designed offshore supply vessels in Brazil to support oil and gas exploration and production. A further 12

vessels have been ordered.

The group added that it is further investing in Brazil and will open a new facility in 2013 in Santa Cruz, Rio de Janeiro. This facility will be dedicated to the assembly and testing of industrial gas turbines. The first batch of equipment to be produced in Santa Cruz has already been ordered by Petrobras in a

$650m contract signed in 2011.

The share price fell 0.57% to 870.50p in early trading.

NR