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ORS Pioneer

November 11, 2005

Wartsila power for Yantai Raffles semisubmersible

Wartsila Corporation has been awarded a contract by Yantai Raffles Shipyard in China to supply the main engines, thrusters and associated ancillary equipment for the new offshore semi-submersible platform ORS Pioneer.

This new offshore platform has been contracted at Yantai Raffles Shipyard by the Norwegian company Offshore Rig Services AS and has been designed by Norway's Global Maritime AS in Norway.

It is a multipurpose, mobile platform suitable for various offshore operations including drilling and well intervention. It is due to be delivered in the first quarter of 2008.

Wartsila will deliver six Wartsila 32 diesel engines and motor-driven steerable thrusters together with various ancillary equipment. The main engines have a combined power of 29 MW.

Wartsila is a member of consortium that also includes Siemens AS and Kongsberg Maritime AS. This consortium is the main contractor for the platform's power plant, electrical, propulsion, dynamic positioning and automation systems.

The total value of the consortium contract is approx. EUR 30 million, of which Wartsila's share is about 50 percent.