Rolls-Royce seals $650m deal to supply turbines to Petrobras

ROLLS-ROYCE has been awarded contracts worth up to $650m (£412m) by Brazil’s state oil company Petrobras to support its production activities off the coast of Brazil.

Rolls, which has businesses in the aerospace, defence, marine, energy and nuclear sectors, said yesterday it would supply Petrobras with 32 gas turbine power generation packages, including waste-heat recovery units, to help power eight production storage and offloading vessels.

“Rolls-Royce is committed to continuing to expand its technology presence and manufacturing capabilities in Brazil,” said Francisco Itzaina, Rolls-Royce’s regional director for South America.

Petrobras’ Rolls-Royce-powered vessels will operate in the petroleum rich Lula and Guará oilfields, located in Santos Basin off the coast of Brazil.

The company, which is also the world’s second-largest maker of aircraft engines, in February announced plans for the construction of a new $100m gas turbine assembly and test facility in Rio de Janeiro, which is expected to operate in 2013. Its shares have risen 18 per cent in the past three months.