Re Contract

Rolls-Royce PLC
17 December 2001


                                                             17 December, 2001



   ROLLS-ROYCE CONTINUES OFFSHORE SUCCESS WITH CONTRACTS WORTH £54 MILLION



Rolls-Royce has won contracts worth £54 million to design and supply
integrated equipment packages for nine offshore service vessels for owners in
Brazil, France, Norway and the USA.



The packages will be supplied  to shipyards in 2002 and 2003, and the vessels
will be delivered in 2003 and 2004.



Rolls-Royce currently has 71 UT-Design offshore service vessels on order or
under construction, worth a total of £270 million. A total of 390 UT700 series
vessels have been built or are under construction since they were first sold
in the mid-1970s.



Six of the nine latest vessels will be UT712 and UT722 anchor handling tug
supply vessels, which tow platforms and floating drilling rigs to location and
can lay moorings and anchors. These vessels are popular as oil and gas
exploration and production moves into deeper water.



The other three are UT755 platform supply vessels which transport fuel, stores
and equipment from shore to rigs and platforms.  These latest contracts take
the total number of UT755s  in service or on order to 41.



The UT700 series  was originated to serve the growing North Sea offshore oil
and gas business, which needed more seaworthy vessels than those developed for
shallow water in the Gulf of Mexico. Rolls-Royce ship designers have worked
closely with shipowners to anticipate emerging requirements from oil
operators.



Saul Lanyado, Rolls-Royce President - Marine, said: 'Our consistent
development of market-leading products such as the UT700 series has enabled us
to develop long-term relationships with customers. These relationships are key
to our continued understanding of market requirements - ensuring our
investment in technology results in products which meet a real customer need.'



Rolls-Royce can integrate entire equipment systems with these designs through
a range of products, including Bergen engines, Rauma Brattvaag winches, Kamewa
Ulstein propulsion equipment, Ulstein Aquamaster thrusters, Tenfjord steering
gear and UMAS automation systems.





For further information please contact



Gordon Welsh

Head of Communications - Marine

Rolls-Royce

Tel [phone]

Fax [phone]

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