Stx Osv Trading News

Rolls-Royce $80.2M Deep Water Anchor Handling Contract

Rolls-Royce, the global power systems company, has been awarded a contract by STX OSV Trading to supply technologically advanced anchor handling systems. The equipment will be installed on three vessels operated by offshore services company Norskan for use in deep water oil and gas fields off the coast of Brazil. The contract is valued at over $80.2m and includes the supply of a range of innovative Rolls-Royce technologies. Arne Tande, Rolls-Royce, Senior Vice President - Offshore Deck Machinery, said: “The focus of oil and gas exploration and development is moving towards deeper water. Rolls-Royce is particularly well positioned in this sector, supplying world leading technology that enables companies to operate safely in challenging conditions.