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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (46047)	6/8/1999 12:45:00 PM
From: The Ox	Read Replies (2) \| Respond to of 95453

Slightly OT: Rolls-Royce Wins $15 Million Malaysian Offshore Contracts RESTON, Va., June 8 /PRNewswire/ -- Rolls-Royce plc has secured two Malaysian orders, worth approximately $15 million, for a total of seven Allison 501 power generation sets on offshore rigs to be located in the South China Sea. Four Allison 501-KB7 units will be provided to Petronas Carigali Sdn. Bhd.(PCSB) for the Angsi-A production platform. PCSB is a wholly-owned subsidiary of Petroliam Nasional Bhd. (Petronas), the national petroleum corporation of Malaysia. Three Allison 501-KB5S units will be provided to Esso Production Malaysia Inc. (EPMI), for the Larut-A production platform. EPMI is a wholly-owned subsidiary of Exxon Corporation, of Irving, TX, USA, a multi-national world leader in oil and gas production. Delivery of the seven units will begin in the first half of 2000 with the two platforms entering service in 2002. PCSB and EPMI have entered into joint-venture agreements to develop the Angsi and Larut oil/gas fields, located offshore Terengganu, in East Malaysia. Peter Gibson, Vice-President of Ohio-based Rolls-Royce Energy Systems, said: "These orders continue to develop our presence in the Malaysian offshore market. We supplied two Allison 501-KB7 units to another Petronas subsidiary, Petronas Methanol, for an installation at Labuan, East Malaysia, in 1995 and three Allison 501-KB5S units to EPMI for the Lawit platform in 1994." Earlier this year, Cooper Rolls, a Rolls-Royce and Cooper Cameron joint venture, was awarded a contract by Petronas Carigali Sdn. Bhd. for the supply of two Rolls-Royce RB211-powered Coberra 6000 gas compressor systems also for the Angsi production platform. Note: Rolls-Royce plc is a global company meeting present and future requirements of civil aerospace, defense and energy markets, with facilities in 14 countries. Its core gas turbine technology has created one of the broadest product ranges of aero engines in the world, with 55,000 engines in service with 300 airlines, 2,400 corporate and utility operators and more than 100 armed forces, powering both fixed and rotary wing aircraft. In addition, more than 30 navies use Rolls-Royce propulsion. Energy markets include the oil and gas industry and power generation. Rolls-Royce, the pioneer of gas turbine technology for aerospace, power generation and marine propulsion, is today involved in the major future programs in these fields, including the Trent aero and industrial engines, the Typhoon and Joint Strike Fighter combat engines and the WR21 marine engine. SOURCE Rolls-Royce North America CO: Rolls-Royce North America; Petronas Carigali Sdn. Bhd.; Petroliam Nasional Bhd; Esso Production Malaysia Inc. ST: Virginia, Malaysia IN: ARO OIL SU: CON 06/08/99 10:13 EDT prnewswire.com