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2014-05-16

Wärtsilä Oyj Abp: Wärtsilä inert gas units with groundbreaking titanium construction selected for world's largest ever spar platform

Wärtsilä Corporation, Trade press release, 16 May 2014 at 10.30 am EET

A new spar platform being built for Statoil's Aasta Hansteen field off the
coast of Norway will featureWärtsilä's Inert GasandNitrogen Generatorsystems.
The contract has been issued in the first quarter 2014 by Hyundai Heavy
Industries (HHI) of South Korea, the yard building the platform. The Wärtsilä
Inert Gas Generator will utilise titanium in its construction, the first time
ever that this material has been used in such a system. Titanium was
preferred due to its superior corrosion resistance in relation to sea water.

Wärtsilä's extensive experience and technical expertise in gas handling
systems were critical factors in the award of this contract. The use of
unconventional materials, such as the titanium used in the construction of
the Wärtsilä Inert Gas Generator, as well as noise reduction measures were
also necessary. The Wärtsilä Inert Gas Generator is designed to produce
mainly CO2 so as to ensure a safe atmosphere in cargo tanks and pipelines to
minimise the risk of explosion. Wärtsilä's Nitrogen Generator package will
generate, or create, pure nitrogen gas. This is used for a range of purposes,
such as the flushing of pipelines and sealing gas in compressors.

"This is an important and prestigious contract award for Wärtsilä. The project
is extremely complex, and it required a solution that was truly
state-of-the-art, as exemplified by the use of titanium for the first time
anywhere. Our strong expertise and advanced technology not only made this
solution possible, but also provide the essential reliability and efficiency
demanded. Furthermore, our speedy response and quick clarification of the
commercial issues added significant value to the planning of the project,"
says Juha Kytölä, Vice President Environmental Solutions, Wärtsilä Ship
Power.

With a hull length of 198 metres, the Aasta Hansteen spar will be the largest
ever built and the first to be installed on the Norwegian continental shelf.
Aspar
is a type of floating oil platform to support drilling, production and storage
operations typically used in very deep waters, and it consists of a large
vertical cylinder bearing topsides with equipment. Spar production platforms
have been developed as an alternative to conventional platforms.

The Aasta Hansteen spar platform will consist of a large diameter, single
vertical cylinder supporting a conventional deck with the processing
facility, accommodation quarters, and other facilities. The installation will
be fixed to the seabed. The development concept will include two subsea
templates with four wells on each, and one satellite template with a single
well. The platform will house a storage unit for condensate, and a gas
processing facility with a capacity of 812 MMcf/d. Gas will be exported
through a 483 kilometre pipeline from the field to an onshore processing
unit.

Wärtsilä systems for offshore applications

Wärtsilä offers solutions, products and services for every phase of oil and
gas exploration, production, transportation, storage and refining -
bothonshoreandoffshore. The company is involved in bringing more than five
million barrels of oil to the market every day, which is more than 6 per cent
of the total world production.

Link toWärtsilä's Offshore Solutions brochure

For further information please contact:

Mr Odd Ivar Lindløv
General Manager, Inert Gas Systems
Wärtsilä Ship Power
Tel: + 47 419 06 799
oddivar.lindlov@wartsila.com

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Ship Power
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund@wartsila.com

Wärtsilä in brief:

Wärtsilä is a global leader in complete lifecycle power solutions for the
marine and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of
the vessels and power plants of its customers.
In 2013, Wärtsilä's net sales totalled EUR 4.7 billion with approximately
18,700 employees. The company has operations in nearly 200 locations in 70
countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki,
Finland.
www.wartsila.com

Wärtsilä Newsroom

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire

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