Marine Link
Tuesday, September 27, 2016

ABB Wins Offshore Contracts of $150m

December 10, 2008

ABB, a power and automation technology group, recently won six contracts collectively worth more than $150m to supply main electrical systems for drilling rigs and drill-ships built in Asia. The orders were booked during the third quarter of 2008.

Among the new orders are three deepwater drilling rigs now under construction at the Jurong Shipyard in Singapore, two drill-ships (Stena DrillMAX ICE and the Pride #4 drill-ship) to be built at Samsung Heavy Industries (010140.KS) and another drill-ship for Metrostar to be built at Hyundai Heavy Industries in Korea.

ABB will supply the complete electrical system for the rigs, including generators, medium and low voltage power distribution, thruster drive systems, drilling drive system and related engineering and services

Matti Reinikkala, head of ABB’s Process Automation division attributes the recent commercial success to the group’s global strategy. ABB’s Marine business emphasizes simplicity as a driver in the design, commissioning and operation phases; ABB supplies roughly 50 percent of the global deepwater drilling rig projects that have commenced since 2005.

The ABB Group of companies operates in around 100 countries and employs about 120,000 people.

(www.abb.com)



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News