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2015-04-08

Wärtsilä Oyj Abp: Wärtsilä to provide predictive maintenance and optimal performance for Golar LNG's carrier fleet

Wärtsilä Corporation, Press release, 8 April 2015 at 10.00 am EET

Wärtsilä, the marine industry's leading solutions and services provider, has
signed a 5-year Technical Management Agreement with Golar Management Oslo for
delivery of services to Golar LNG - one of the largest independent owners and
operators of liquefied natural gas (LNG) carriers in the world. The service
agreement includes remote monitoring of engines, maintenance planning,
advisory services, and guaranteed availability of personnel as well as spare
parts.

Golar LNG operates a fleet of 13 vessels, dedicated to both LNG transportation
and midstream floating solutions. The company developed the world's first
Floating Storage and Regasification Units (FSRU's) based on the conversion of
existing LNG carriers. Golar's LNG carriers and FSRU's are all equipped with
Wärtsilä engines, the number of engines totalling at 52. This cooperation
prompted Golar LNG to turn to Wärtsilä for Asset Performance Optimisation
concepts and solutions as well.

Remote engine monitoring enables optimised maintenance

In addition to planning and consultation services, the Technical Management
Agreement includes a condition-based maintenance (CBM) system that supports
in optimising the performance of the installed equipment. The system allows
Wärtsilä's specialists to monitor and analyse various parameters, enabling
Wärtsilä to plan and perform the maintenance activities needed in relation to
the engines' lifecycle and condition. This enables predictive maintenance
while maximising uptime and reducing operating costs.

"One of Golar LNG's strategic assets is our operational excellence. We want to
maintain the highest standards for safety and reliability. This closer
cooperation with Wärtsilä helps us to avoid unnecessary downtime and to keep
our fleet in top condition at all times," Per Rolid, Fleet Manager in Golar
LNG says.

Comprehensive service offering optimises performance

The new service agreement improves the availability, reliability and
performance of the Wärtsilä engines installed in Golar LNG's fleet. In
addition, the dedicated Contract Manager offers technical advice and
consultation as well as maintenance planning, increasing the predictability
of maintenance and service needs. The CBM system completes the offering by
ensuring the optimal and cost-effective use of engines.

"This comprehensive agreement is very important to Wärtsilä, as we expand our
partnership with Golar LNG to include new services. With this service
agreement, we can continuously optimise the performance of the Wärtsilä
engines already in use in the Golar LNG fleet," Johan Hansten, Area Sales
Director Europe&Africa, from Wärtsilä says.

Image ofGolar LNG vessel

For further information, please contact:

Mr Cato Esperø
Sales Director, Wärtsilä Norway
Tel: +47 901 03 145
cato.espero@wartsila.com

Ms Hanna Viita
Director, Marketing
Tel: +358 40 167 1755
hanna.viita@wartsila.com

Wärtsilä Services in brief
Wärtsilä Services creates lifecycle services for its customers, enhancing
their business - whenever, wherever. We provide industry's broadest range of
services for both shipping and power generation. Our solutions range from
spare parts and basic support to ensuring maximised lifetime, increased
efficiency and guaranteed performance of customer's equipment or installation
- in a safe, reliable, and environmentally sustainable way.

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 maximizes the environmental and economic performance of
the vessels and power plants of its customers. In 2014, Wärtsilä's net sales
totalled EUR 4.8 billion with approximately 17,700 employees. The company has
operations in more than 200 locations in nearly 70 countries around the
world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com

Wärtsilä Newsroom

Golar LNG in brief

Golar LNG is one of the world's largest independent owners and operators of
LNG carriers with over 30 years of experience. Golar LNG developed the
world's first Floating Storage and Regasification Unit (FSRU) projects based
on the conversion of existing LNG carriers. We lead the industry with
committed projects. We are progressing plans to grow our business further
upstream via Floating liquefaction (FLNG). Our strategic objective is to
become an integrated midstream player in the LNG industry.
www.golarlng.com

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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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