TTS Group ASA’ subsidiary TTS Energy AS has signed a contract with EDC, Egyptian Drilling Company, for various pipe handling equipment. The contract has a value of USD 4,4 million. The equipment will be installed onboard one of EDC`s Jack Up drilling rig within June 2012.
“In accordance with our strategy, upgrades and equipment sales has high priority. So, these kinds of projects are just right”, says Johannes Neteland, CEO of TTS Group ASA.
TTS Energy is a supplier of high performance drilling and handling solutions to the international oil and gas industry.
Source:TTS Energy ,September 19, 2011; Image:EDC