Rolls Royce grabs major Brazil contracts

2 December 2011:  British engineering group Rolls Royce has been awarded contracts worth up to $650 million (approx Rs. 3,3339 crore) by Brazil's state oil company Petrobras to support its production activities offshore Brazil. Rolls, which has businesses in the aerospace, defence, marine, energy and nuclear sectors, on Wednesday said it would supply Petrobras with 32 gas turbine power generation packages, including waste-heat recovery units, to help power eight production storage and offloading vessels.

Petrobras' Rolls-Royce-powered vessels will operate in the petroleum rich Lula and Guara oilfields, located in Santos Basin off the coast of Brazil. The company, which is also the world's second-largest maker of aircraft engines, in February announced plans for the construction of a new $100 million (approx Rs.514 crore) purpose-built gas turbine assembly and test facility in the state of Rio de Janeiro which is expected to become operational in the first quarter of 2013.

Source: Economic Times