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Rolls-Royce Wins £58m Contract
17 March 2008 15:50
Company Profile
Rolls-Royce has won a £58m contract to deliver design and equipment systems for two of the world’s most advanced offshore support vessels.
The vessels have been ordered by China Oilfield Services (COSL) and will operate in support of oil and gas exploration and production.
Rolls-Royce designed UT 788 CD ships can operate in very deep water, supply and support oil and gas rigs, and assist in underwater construction projects.
Rolls-Royce says it has a growing presence in China’s marine market, which is the biggest in the world for commercial merchant ships. Rolls-Royce has been increasing its marine business in China annually over recent years and opened a new factory in Shanghai in 2005. Together with an existing facility in South Korea, the new factory forms a production hub for North-East Asia.
In 2007, Rolls-Royce achieved a record for marine orders in China, with contracts for more than 700 ship sets of steering gear and 300 ship sets of deck machinery, including a $42m contract with Sinopacific
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