Wärtsilä Oyj : Wärtsilä’s long-term partnership with Golar Management enhanced with expanded and extended maintenance agreement

The technology group Wärtsilä has signed a five year extension to itsOptimised Maintenanceagreement with Golar Management Norway, the operator and manager of a fleet of LNG Carrier and Floating Storage and Regasification Unit (FSRU) vessels. The agreement covers a total of 16 ship installations; 14 withWärtsilä 50DFdual-fuel engines, plus 2 withWärtsilä 34DFdual-fuel andWärtsilä 20DFdual-fuel engines. The extension contract was signed in December 2020.

The agreement will enable Golar to pursue a predictive maintenance strategy enabled by Dynamic Maintenance Planning and Asset Diagnostics. Furthermore, Wärtsilä's Operational Support provides round-the-clock remote support and actionable advice from Wärtsilä Expertise Centres. The combination of advanced diagnostics and Wärtsilä's deep equipment expertise greatly enhances the safety, reliability and efficiency of the equipment and systems installed. It will also provide flexibility in maintenance scheduling by conducting maintenance based on actual equipment condition optimised for the vessels' operations.

'We are pleased to continue our long-term partnership with Wärtsilä with this service agreement extension. Wärtsilä's digital remote support capabilities have proved to be of great value for us, saving both time and costs by often eliminating the need to have service people sent onboard in person,' says Øistein Dahl, Managing Director of Golar Management Norway.

'Lifecycle support is a key element of our strategy, and an important factor for us to be a trusted and reliable partner to our customers. With Wärtsilä Optimised Maintenance, we are able to increase availability and reduce unscheduled maintenance. By renewing and extending this agreement, we are also strengthening the partnership that exists between our companies, and we are proud that Golar is continuing their journey with us,' says Henrik Wilhelms, Director Performance Services, Wärtsilä Marine Power.

The new 5-year Lifecycle Solution agreement includes 14 vessels that have had a 5 year Optimised Maintenance earlier and 2 new additional Golar vessels.

Media contact for more information on this release:

Ms Marit Holmlund-Sund General Manager, Marketing Communications Wärtsilä Marine Power Mobile [phone] [e-mail]

Image caption: A total of 16 Golar Management ships will benefit from Wärtsilä's Optimised Maintenance Agreement. © Golar Management

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Wärtsilä Marine Power in brief Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems deliver the reliability, safety, and environmental performance that Wärtsilä's Smart Marine vision encompasses. We offer our customers performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise. www.wartsila.com/marine

Wärtsilä in brief: Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä's net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com