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ABB lands $42M contract with Santa Fe Intl.

Maritime Activity Reports, Inc.

July 5, 2001

ABB, the leading innovator in podded propulsion systems, has struck a landmark deal to supply its new compact podded propulsion system on a semi-submersible drilling rig. Santa Fe International Corp. has awarded a $42 million contract to ABB in Norway for the supply of electric propulsion systems and power plants to two new semi-submersible drilling rigs. In addition, the contract includes an option for a further two rigs. The two new deepwater rigs, of Friede & Goldman ExD design, will be built by PPL Shipyard PTE Ltd. of Singapore with delivery of the first rig scheduled for late 2003. ABB's delivery to each rig includes a complete package solution consisting of generators, high and low voltage switchboards, drilling and propulsion drives and eight Compact Azipod podded propulsion units with a total output of 25,6 MW. This order from Santa Fe International Corporation further confirms ABB's leading position in this market. In total, ABB has delivered electrotechnical solutions to more than 50 drilling vessels world-wide. The Compact Azipod propulsion system, which was introduced by ABB last year, is a further development of ABB's podded propulsion range. The Compact Azipod has already achieved great success in the marine and offshore markets due to the clear advantages of enhanced maneuverability, reliability and significant fuel reductions. Available in a power range from 400 kW to 5 MW, it utilizes permanent magnet motor technology with direct cooling to the surrounding seawater. Accurate speed and torque control are provided by a frequency converter and the system allows for full thrust in all directions. The Compact Azipod unit is underwater dismountable, and combined with standardized ABB technology, this ensures simplified and cost-effective maintenance and operation.

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