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    Rolls-Royce wins breakthrough contract in Chinese OSV market

    Vessel & ROV News // March 14, 2008

    COSL has ordered two UT 788 CDs.

    Rolls-Royce has won a £58 million contract to deliver design and equipment systems for two of the world’s most advanced offshore support vessels – a first for the Chinese market.
     
    The vessels have been ordered by China Oilfield Services Ltd (COSL) and will operate in support of oil and gas exploration and production.

    Anders Almestad, President – Offshore, from the Rolls-Royce marine business, said: “This contract is a major breakthrough for Rolls-Royce integrated systems for the Chinese offshore market."

    ”The integrated solution designed by Rolls-Royce for COSL is the first of its kind in the growing Chinese offshore market. We believe that our products and services will help COSL improve their deepwater capabilities.”

    The Rolls-Royce designed UT 788 CD ships have many capabilities including the ability to operate in very deep water, towing, and supplying and supporting oil and gas rigs. They can even assist in underwater construction projects.

    Rolls-Royce 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 us$42 million contract with Sinopacific.

     

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