19th Jan 2005 09:37
19 January 2005 ROLLS-ROYCE SIGNS $75 MILLION AZERBAIJAN ENERGY DEAL Rolls-Royce has won a third contract to supply RB211 gas turbines for the Azerioil project being developed in the Caspian Sea. Valued at over $75 million thenew contract brings the total value of Rolls-Royce energy equipment ordered forthis project to more than $230 million.Rolls-Royce has now secured orders for 27 RB211 sets over the past three yearsfrom BP for installation in the Caspian Sea oil fields - one of the largestconcentrations of industrial RB211s in the world.Eight industrial RB211 gas turbines are required for the newly-launched PhaseIII Deep Water Gunashli phase of the development, in which the AzerbaijanInternational Operating Company (AIOC) is investing some $4.7 billion.Four sets will generate electrical power and three sets provide Water Injectionpump drive on the Process, Compression, Water Injection and Utilities (PCWU)platform of the development.The eighth RB211 set, a main power generation unit, will be located on theadjacent Drilling, Utilities and Quarters (DUQ) platform.Tom Curley, President of the Rolls-Royce energy business, said: "The latestcontract from Azerbaijan is a significant accomplishment and reflects theconfidence and satisfaction that BP has in Rolls-Royce products for thesecritical applications."All the gas turbine orders in our size range for Phase I, Phase II and nowPhase III of this important development have been won by Rolls-Royce."Success for Rolls-Royce in all three phases of this development is a directresult of the Rotating Equipment Initiative signed with BP in 2000. Thisensures maximum equipment availability and highly competitive life-cycle costsfor BP, the operator of the Azerbaijan project. The initiative also providesnew product and aftermarket opportunities for Rolls-Royce.Equipment will be delivered to a schedule that will enable Phase III of theproject, which focuses on development of the Deep-Water Gunashli oil field, tobegin oil production in mid-2008.The Rolls-Royce gas turbines sets for this phase of the Azeri project will beengineered, packaged and tested at the company's Liverpool, UK, facilities.Nineteen Liverpool produced packages have already been delivered to Azerbaijanfor Phases I and II.Total industrial RB211 sales worldwide have surpassed 400, of which some 170are providing power generation and mechanical drive services for offshore oiland gas installations.For more information, please contact:Gary HymanHead of Communications - Energy BusinessRolls-RoyceTel: 00 1 740 393 8888Email: [email protected] www.rolls-royce.comRichard CatlingCrest Communications (PR) LimitedTel: 00 44 24 7664 2428Email: [email protected] downloadable images of Rolls-Royce products visithttp://www.rolls-royce.com/media/gallery/energy/default.jspVisit http://www.thenewsmarket.com to download broadcast-standard video ororder a Beta SP tape.ENDRelated Shares:
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