TTS Sense Awarded Land Rig Contract

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New contract brings rig total to 11.

TTS subsidiary TTS Sense AS has signed a contract with Ability Drilling for delivery of five land rigs. This is the largest single contract singed by TTX. "The contract comes in addition to previously signed contract with Ability Drilling regarding delivery of six land rigs," signed TTS President and CEO Johannes D. Neteland.  "By signing a new contract for delivery of five rigs, we will be able to order multiple sub assemblies from our vendors at the same time. This will result in cost savings and improved delivery accuracy."

The land rigs are based on offshore technology when it comes to control systems, automation, the environment and safety.

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