ABB Wins Marine Orders Worth $200 Million in Asia
Energy efficient automation and reliable power for 24 vessels for oil and gas industry.
Zurich, Switzerland, August 15, 2011 – ABB, the leading power and automation technology group, won several orders for a total of $200 million from Samsung Heavy Industries (010140.KS), Hyundai Heavy Industries, Keppel FELS and Jurong Shipyard Pte Ltd., to supply equipment 23 new Jack-Up and DP drilling vessels and one FPSO to be executed in South-Korea and Singapore. The orders were booked during the second quarter.
The vessels operate in oil and gas extraction, production and transportation, and include semi-submersible drilling rigs, drill ships, mobile oil and gas platforms as well as floating production, storage and offloading vessels.
“This group of important orders underscores ABB’s excellent reputation for delivering comprehensive, reliable solutions that help our marine customers operate at the highest levels of efficiency, as well as our vast oil and gas industry expertise,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division.
ABB’s delivery will help the ships maximize their energy efficiency, as well as provide a reliable power supply to improve the use of onboard equipment. The scope of supply includes complete electrical systems and related equipment such as generators, distribution switchboards, and transformers, as well as drives and motors to power the ships’ thrusters and drilling systems.
ABB’s Process Automation division delivers industry specific solutions and services for industrial automation and plant electrification. These solutions help customers meet their critical business needs in the areas of energy efficiency, operational profitability, capital productivity, risk management, and global responsibility. Available industry specific solutions include process control, instrumentation, analytics, safety, plant optimization, telecommunications, energy management and power distribution.