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Siemens and Rolls-Royce for New Deepwater Drilling Rig

Sevan Drilling Pte. Ltd., Singapore has signed an agreement with a consortium consisting of Siemens and Rolls-Royce for deliveries to a new deepwater drilling rig. Siemens will deliver electrical, automation, telecom and control systems together with the rig's dynamic positioning systems. Rolls-Royce will deliver diesel generators and thrusters. The drilling rig is equipped to operate in rough climatic conditions, will operate at extreme depths and is expected to be ready for delivery during the first half of 2009. The contract is worth EUR 35 million.

Sevan Drilling´s parent company, the Norwegian Sevan Marine ASA, is an offshore technology company that specializes in the market for drilling, floating production and storage of oil and gas. The company has developed a new cylindrical platform, the "Sevan Stabilized Platform" (SSP), which combines excellent sea-going properties with reasonable building costs. The commissioned deepwater rig is based on the SSP concept. The new rig is classified as an offshore installation and will be constructed and partly built in Norway.



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