TTS drilling equipment for jack-up

The new jack up, named West Linus, is specifically built to operate on the Norwegian continental shelf and has been contracted to ConocoPhillips for five years. The new rig is an advanced, ultra large, harsh environment, high performance drilling unit matching the specifications of the largest jack-ups in the world.

The new drilling equipment package has a value of approximately NOK 350 million ($63 million) plus various optional equipment yet to be decided on and is scheduled for delivery during Q3 and Q4 2012. TTS Energy has also granted Jurong Shipyard two options valid until 30 September, 2011 for identical drilling equipment packages.

TTS Energy has previously supplied a similar drilling equipment package to

West Elara

, which is a CJ70 jack-up rig currently being finalized at Jurong Shipyard for North Atlantic Drilling where Seadrill holds a majority share.