ABB Wins Marine Order Worth $20 Million

ABB, the leading power and automation technology group, has won an order worth $20 million to provide complete power systems, drilling drive and propulsion systems for a new deep water drilling rig to be built by Daewoo Shipbuilding and Marine Engineering (DSME) at its shipyard in South Korea. The end customer is Brazilian ship owner Petroserv, who will operate the drilling rig for Petrobras.

The rig is scheduled to be commissioned by early 2012.

ABB will supply complete electrical systems for the semi-submersible drilling rig, which will be used for oil and gas exploration drilling. The delivery includes power generation and the high and low voltage distribution systems, the drilling drive system, the propulsion drive system, as well as related engineering services.

In addition to supporting the short delivery schedule, ABB�s scope of supply was specifically selected to improve equipment reliability, efficiency and availability, securing a stable supply of power throughout all rig systems.

�ABB�s broad scope of supply, resident marine, oil and gas industry expertise, and proven track record of delivering advanced, reliable solutions for offshore drilling vessels were important factors in winning this order,� said Veli-Matti Reinikkala, head of ABB�s Process Automation division.

This project is ABB�s fourth Semi submersible drilling vessel project for DMSE; ABB delivered the same scope of supply for the Petroserv #1 rig, which also operates for Petrobras in Brazil.

The new contract with Petroserv demonstrates that the global strategy, along with ABB's core concept for simplicity as a driver in design, commissioning and operation phase for marine customers, can succeed as well in new markets, like Brazil, as they have with owners in U.S.A, Europe and Asia.

ABB�s Process Automation division delivers integrated automation solutions for control, plant optimization, and industry-specific application knowledge and services to help process industry customers worldwide meet their critical business needs in the areas of operational profitability, capital productivity, risk management and global responsibility. These industries include oil and gas, power, chemicals and pharmaceuticals, pulp and paper, metals, minerals, cement, marine and turbocharging.