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Wärtsilä Oyj Abp: Wärtsilä signs maintenance agreement with Ensco for sustained cost savings and improved reliability

Wärtsilä Corporation, Press release, 28 January 2016 at 10 am EET

Wärtsilä, the leading global supplier of flexible and efficient power plant
solutions and services, has signed a maintenance agreement with Ensco, a
global provider of offshore drilling services to the petroleum industry. The
agreement, signed in September 2015, will create both short- and long-term
savings by optimising Ensco's assets and improving predictability through
extensive condition monitoring services and parts supply management for
Ensco's four drillships equipped with six Wärtsilä 32 engines.

In the offshore markets, Wärtsilä's customers are continuously seeking
increased reliability, maximum uptime and optimal operational efficiency as
well as ensuring safe and sustainable environmental performance in harsh
environments. With more stringent environmental regulation related to CO2
emissions and growing environmental awareness among customers, environmental
efficiency is a key issue for offshore industry.

Under this seven-year agreement, Wärtsilä will monitor Ensco's installations
to safely and reliably extend time between equipment overhauls for scheduled
maintenance, providing clear cost savings and improved lifecycle and
environmental efficiency. Wärtsilä will also provide Ensco full service
support from Wärtsilä's remote service centres. Additionally, Ensco will
receive technical guidance from Wärtsilä's reports and audits to manage
unscheduled maintenance, spare part deliveries and other services.

"Ensco prides itself on being the industry leader in customer satisfaction by
continually looking for new ways to enhance the reliability and efficiency of
our equipment," said John Knowlton, Ensco's Senior Vice President -
Technical. "By further improving the condition monitoring systems for our
equipment, we optimise the uptime performance of our offshore drilling rigs,
while also streamlining costs."

"During this time when the Oil and Gas industry is restructuring its
operations due to current market conditions, we are pleased to offer services
that help further enhance Ensco's operations globally," says Kourtney Dever,
General Manager Service Sales from Wärtsilä. "The flexibility of Wärtsilä
Genius services will not only provide cost savings but also overall
reliability and accurate planning of maintenance and overhaul services."

Link to image ofENSCO DS-8 drillship.

Additional information:
Wärtsilä Genius services

For further information, please contact:

Kourtney Dever
General Manager Sales, Services
Wärtsilä N.A. INC
Tel: +1 954 812 6972

Hanna Viita
Director, Marketing
Wärtsilä Corporation

Tel: +358 40 167 1755

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 2015, Wärtsilä's net sales
totalled EUR 5.0 billion with approximately 18,900 employees. The company has
operations in more than 200 locations in nearly 70 countries around the
world. Wärtsilä is listed on the Nasdaq Helsinki.

Wärtsilä Newsroom


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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