World News | January 2011
ABB wins offshore oil and gas contracts totalling $42 mn
ABB, the leading power and automation technology group, has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several floating, production, storage and offloading (FPSO) vessels. The vessels will produce crude oil off the coast of Brazil and they will be operated by several oil and gas producers, with Petrobras as the end customer. The orders were booked during the third quarter. ABB's comprehensive power equipment delivery for each vessel will ensure a reliable power supply onboard. Each delivery includes a containerised E-House (electrical house) for the complete power system, related power generation and distribution equipment, and engineering and installation services.
Veli-Matti Reinikkala, Head of ABB's Process Automation division is reported to have said that their oil and gas expertise, unique technology offerings for marine and offshore operations and a broad range of electrical solutions will help them deliver reliable power infrastructure which these vessels will need to operate efficiently and safely.
Also, Saudi Electricity Company (SEC) has awarded ABB a $39 million order to improve the efficiency of power transmission and distribution in the country's Eastern Province. ABB will design, engineer, supply, install and commission equipment including a 13.8 kV (kilovolt) capacitor banks for the existing substation infrastructure in 40 locations, which will help reduce electricity losses and improve the stability and quality of power supply. The project is scheduled for completion by mid-2011.