Power systems company Rolls-Royce Plc (RYCEY.PK,RR.L) on Wednesday announced a $75 million contract to supply PetroChina Co Ltd. (PTR: Quote) with equipment and related services to power the flow of natural gas through Line 3 of the West-East Pipeline Project.
Rolls-Royce also signed a contract to provide support for engines powering the Royal Saudi Air Force fleet of Tornado combat aircraft under the Saudi British Defence Co-operation Program, following agreement between the Governments of the Kingdom of Saudi Arabia and the United Kingdom.
Under the Chinese deal, Rolls-Royce will supply PetroChina with an additional six RB211-driven pipeline compressor units, bringing the total number of RB211 units sold for installation on China and Central Asia’s vast natural gas pipeline network to 56. Rolls-Royce will manufacture and package the equipment at its energy facilities in Montreal and Mount Vernon.
Under the four-year agreement in Saudi Arabia, Rolls-Royce will provide the repair of modules, accessories and components and a package of new spares for the Tornado’s RB199 engines. The contract enables the Royal Saudi Air Force to benefit from a schedule of fixed price maintenance which seeks to reduce the cost of engine operations.
The company added that the Middle East Propulsion Co. will conduct some of the RB199 module repair work in support of this contract in its recently opened facilities in Riyadh.
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by RTT Staff Writer
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