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

Wärtsilä Corporation, Press release 4 May 2010 at 11:00 UTC+2

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 the trade press release.

For further information, please contact:

Mr Magnus Miemois
Vice President
Offshore, Ship Power
Wärtsilä Corporation
Tel: +358 505 581405

Ms Tuula Franck
Senior Manager, External Communications
Wärtsilä Corporation
Tel: +358 400 267555

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.