Rolls-Royce Awarded $138m Energy Services Contract

RNS Number : 5624T

Rolls-Royce Holdings plc

21 November 2013

 



21 November 2013

ROLLS-ROYCE AWARDED $138M ENERGY

SERVICES CONTRACT BY PETROBRAS

Rolls-Royce has been awarded a $138M, five-year services contract by Petrobras, a world leader in deep and ultra-deep water oil and gas exploration and production, to support its oil production activities offshore Brazil.

Rolls-Royce will supply Petrobras with advanced maintenance and repair services to support fifteen Rolls-Royce RB211-G62 industrial gas turbine power generation units which are installed on four Petrobras oil platforms operating in the petroleum rich, pre-salt Campos Basin.

The four Petrobras platforms, which together can produce over 500,000 barrels of oil per day, or 25 per cent of Brazil's entire output, are reliant on nearly 375MW of Rolls-Royce generated power to maintain a consistently high production output. The Long Term Service Agreement (LTSA) contract, which has a potential value of up to $220M over its five-year renewal period, will help ensure that the Rolls-Royce units continue to operate at peak performance levels of efficiency and reliability.

Eberaldo de Almeida Neto, General Manager, Rio de Janeiro Operational Unit, Petrobras, said: "Over the past five years Rolls-Royce advanced power generation technology and services has helped us to meet our oil and gas production objectives for these important oil platforms. We are delighted to strengthen our relationship with Rolls-Royce and look forward to continued high levels of availability and reliability."

Andrew Heath, Rolls-Royce President - Energy, said: "Rolls-Royce technology is at the heart of Brazil's thriving energy infrastructure. This services contract renewal reflects the excellent working relationship we have developed on this project with Petrobras over the past five years."

Over fifty Rolls-Royce engineers and technicians are working on the project, most based full-time on the four oil platforms.

The Rolls-Royce Energy workshop at Macae in Brazil supports their work, and in 2014 Rolls-Royce will inaugurate a new, $100m-plus investment, purpose-built gas turbine package, assembly and test facility in Santa Cruz in the state of Rio de Janeiro, further strengthening Rolls-Royce local, in-country manufacturing and services presence.

---

Notes to Editors:

1.   Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.

2.   As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.

3.   Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £69.2 billion at 30 June 2013, providing visibility of future levels of activity.

4.   Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.

5.   In 2012, Rolls-Royce invested £919 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.

6.   Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company's engineers with the forefront of scientific research.

7.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

For further information, please contact:

Investors:                                                                  

Simon Goodson                                                       

Director - Investor Relations                                    

Rolls-Royce plc

Tel: [phone]                                         

[e-mail]                             

Media:

Stephanie Watters

Communications Manager

Rolls-Royce plc     

Tel: [phone] 

[e-mail]     

www.rolls-royce.com

 

END

 

 

CNTBMBFTMBTTBTJ