Wärtsilä receives major order from Brazil - to supply power solution for FPSO vessel

Wärtsilä receives major order from Brazil - to supply power solution for FPSO vessel

ID: 20207

(Thomson Reuters ONE) -


Wärtsilä Corporation, Press release, 4 May 2010, at 11 am local time

Wärtsilä has signed a major contract with the Brazilian industrial group QUIP to
supply a total integrated power solution for a new Floating Production Storage
and Offloading (FPSO) vessel. The order includes three main power modules,
commissioning, start-up as well as operational supervision. The vessel is unique
in that it will be the first FPSO vessel ever to operate on more than 100 MWe of
installed power, produced by gas engines.

Wärtsilä's efficient gas-fired power solution will also have significantly lower
levels of carbon dioxide emissions compared to conventional technologies.
Compared to those technologies, carbon dioxide emissions of the installation
with the output of 100 MWe can be reduced by 93,000 tons per year. Furthermore,
since Wärtsilä's engines can be run on treated well gas as well as various
diesel oils, the customer's operating costs can be notably reduced.

"Wärtsilä's track record is outstanding in multi-fuel technology and in
providing ongoing technical support. We have every confidence in the company's
ability to provide the needed technical solution, and we are sure it will
minimise both our operating costs and environmental footprint. We also value the
company as a trusted strategic partner with the resources to provide reliable
operational support," said Mr Miguelangelo Thomé, CEO, QUIP.

The power modules will be ready for installation in July 2011 and oil production
is scheduled to begin in 2013. The vessel will operate on Brazil's new Papa
Terra oilfield, located some 110 kilometres off the coast of Rio de Janeiro in
the southern Campos Basin.

Picture available in trade press release on www.wartsila.com
.

For further information, please contact:

Mr Magnus Miemois




Vice President
Offshore, Ship Power
Wärtsilä Corporation
Tel: +358 505 581405
magnus.miemois(at)wartsila.com

Ms Tuula Franck
Senior Manager, External Communications
Wärtsilä Corporation
Tel: +358 400 267555
tuula.franck(at)wartsila.com

Wärtsilä in brief

Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers.

In 2009, Wärtsilä's net sales totalled EUR 5.3 billion with more than 18,000
employees. The company has operations in 160 locations in 70 countries around
the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.

www.wartsila.com






[HUG#1411412]









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Datum: 04.05.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 20207
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