Wärtsilä Corporation Press Release, Trade & Technical Press 13 December, 2004
PGS Production AS, a Norwegian oilfield service company, has awarded a five-year Service Agreement to Wärtsilä covering maintenance of the power plants onboard three offshore FPSO (Floating, Production, Storage and Offloading) vessels. The agreement applies to the Petrojarl Foinaven, the Petrojarl Varg and the Petrojarl 1, which are operating in the North Sea and the north Atlantic ocean.
With Wärtsilä maintaining the vessel’s power plants at all times, Petroleum Geo-Services is able to concentrate on its core business of offshore capabilities in floating production and storage facilities. The ongoing power plant servicing provides the vessels with optimized availability together with cost savings, risk mitigation and financial predictability.
The new Service Agreement is an extension of the first Service Agreements between Petroleum Geo-Services and Wärtsilä which were signed back in June 1999 for the Petrojarl Foinaven’s 51 MW power plant, in November 1999 for the Petrojarl Varg’s 36.7 MW power plant and in January 2002 for the Petrojarl 1’s 12 MW power plant.
Wärtsilä has had a permanent power plant maintenance crew onboard the three vessels at all times since January 2002. During overhauls, Wärtsilä sends additional service crew to complete the job within the time required. Wärtsilä also supplies all spare parts and consumables. The purpose of this commitment is to keep unplanned downtime as short as possible.
This type of agreement enables Wärtsilä to integrate its team with the onboard crew. This gives the Wärtsilä engineers familiarity with the procedures of the company and routines onboard the FPSO vessels while Wärtsilä provides the same level of safety and reliability as the company in order to avoid incidents.
This service agreement typifies the high level of supplier partnership expertise that effectively uses the capabilities of both customer and supplier, benefiting both parties. Thanks to its extensive service organization Wärtsilä can optimize the use of resources, bringing cost-effective and reliable service to its customers.
Notes to the editor:
PGS Production AS
PGS Production AS is a technologically focused oilfield service company covering the complete value chain from exploration, via field development, to production. The company operates in two primary business areas – seismic and production – through four operating units: Marine Geophysical, Production, Onshore and Pertra. The Petroleum Geo-Services group employs approximately 3,400 people and has offices and operations in more than 20 countries worldwide.
More information about the company at www.pgs.com
Wärtsilä is The Ship Power Supplier for builders, owners and operators of vessels and offshore installations. We are the only company with a global service network to take complete care of customers’ ship machinery at every lifecycle stage. Wärtsilä is a leading provider of power plants, operation and lifetime care services in decentralized power generation.
With a worldwide network of 130 offices and workshops in 60 countries providing a service workforce of some 6000 persons, Wärtsilä is able to provide the best possible support for system solutions, equipment maintenance, on time deliveries and even plant operation.
Owners receive measurable benefits such as optimized availability and performance, productivity gains, cost benefits and, above all, an assurance that their installation is being serviced by an experienced and proven provider.
For more information, please contact:
Public Relations Manager, Ship Power
Direct tel: +358 10 709 1941
Direct fax: +358 10 709 1942
General Manager Service Sales
Wärtsilä Norway AS
Tel: + 47 5342 2653
Direct fax: +47 5342 2501