Rolls-Royce secures £50 million order for advanced offshore vessels

Friday, 30 March 2012

Rolls-Royce, the global power systems company, has secured a £50 million order to design and equip two advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping.

The UT 731 CD vessels are designed and equipped to handle anchors for oil rigs, tow rigs to location and also serve as supply vessels. They can operate in extreme climatic conditions and ultra deep waters, undertaking precise rig manoeuvring operations in water up to 3,000 metres deep. They are also equipped for sub sea construction and installation duties.

Each vessel will feature a fully integrated equipment system from Rolls-Royce including deck machinery and vessel control systems.  They will also include diesel electric hybrid propulsion systems to reduce the total fuel burn and cut CO2 emissions.

Anders Almestad, Rolls-Royce, President - Offshore said: “Rolls-Royce has a close working relationship with both Farstad Shipping and STX OSV. These customers’ repeated choice of our market leading technology highlights the value Rolls-Royce delivers and the Group’s ability to design and equip robust, highly advanced offshore vessels that deliver optimal results for their owners and operators.”

Both vessels will be built at the STX OSV Langsten yard in Norway and are scheduled for delivery in the first half of 2014. Farstad Shipping has now ordered eight vessels of this type.

  1. Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy. 
  2. As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
  3. Annual underlying revenues were £11.3 billion in 2011, of which more than half came from the provision of services. The firm and announced order book stood at £62.2 billion at 31 December 2011, providing visibility of future levels of activity.
  4. Rolls-Royce employs over 40,000 people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers. 
  5. In 2011, Rolls-Royce invested £908 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions. 
  6. Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
  7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
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