Wednesday, 22 June 2016

Rolls-Royce has signed a contract for the construction and delivery of an eight point mooring system to the world's first offshore fish farm installation being developed for Ocean Farming AS, a subsidiary of the SalMar Group in Norway.

The equipment will be used to secure the installation to the seabed at Frohavet, off the coast of central Norway. The 68 meter high rig will have a diameter of 110 meters and a volume of 250.000 cubic meters.

SalMar is one of the world's largest and most efficient producers of farmed salmon. Further growth in the industry of harvesting from the sea is said to require use of new locations that offer good biological condition for the farming of fish stocks. However moving further offshore also requires new technology.

Asbjørn Skaro, Rolls-Royce, Executive Vice President - Deck Machinery, said: 'This contract win shows how years of experience providing sophisticated mooring and deck machinery solutions in some of the world's most difficult sea conditions can be applied in other areas of the maritime economy today and for the future. The technical solutions for SalMar's pilot installation is based on the state-of-the-art technology Norwegian industry has to offer from both fields of aquaculture and offshore oil and gas.'

The eight point mooring system to be delivered by Rolls-Royceincludes monitoring, fairleads, connectors and subsea load sensing system.

Rolls-Royce has signed a contract with the Chinese Institute of Marine and Offshore Enginering, and the new semi-submersible rig will be constructed at Qingdao Wuchuan Heavy Industry Co. Ltd in China. It is designed by Global Maritime in Norway, and the pilot ocean fish farm is planned to be completed by the second half of 2017.

About Rolls-RoyceHoldings plc

  1. Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
  2. Rolls-Royce has customers in more than 120 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
  3. We have three common themes across all our businesses:
    • Investing in and developing engineering excellence
    • Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
    • Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
  4. Annual underlying revenue was £13.4 billion in 2015, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £76.4 billion at the end of 2015.
  5. In 2015, Rolls-Royce invested £1.2 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royceengineers at the forefront of scientific research.
  6. Rolls-Royce employs over 50,000 people in more than 46 countries. Nearly 15,700 of these are engineers.
  7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2015 we employed 228 graduates and 277 apprentices through our worldwide training programmes.

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Rolls-Royce Holdings plc published this content on 22 June 2016 and is solely responsible for the information contained herein.
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