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 January 28, 2016 - 3:00 AM EST
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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 of ENSCO 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
Kourtney.Dever@wartsila.com

Hanna Viita
Director, Marketing
Wärtsilä Corporation
hanna.viita@wartsila.com
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.
www.wartsila.com
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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Source: Thomson Reuters ONE (January 28, 2016 - 3:00 AM EST)

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