THE WALL STREET JOURNAL /DOW JONES NEWSWIRES: ABB Gets $100M Order To Modify Russian Oil Platform: “The platform is operated by Sakhalin Energy Investment, a joint venture of Shell Transport and Trading PLC and Japanese companies Mitsui & Co. Ltd. and Mitsubishi Corp.” (ShellNews.net)
DOW JONES NEWSWIRES
October 19, 2004 5:31 a.m.
ZURICH -- Swiss power and automation company ABB Ltd. (ABB) Tuesday said it has received a $100 million order to install two modules at an oil platform off the Russian coast.
The platform is operated by Sakhalin Energy Investment, a joint venture of Shell Transport and Trading PLC (SC) and Japanese companies Mitsui & Co. Ltd. (MITSY) and Mitsubishi Corp. (8058.TO).
ABB said it has already started the work, which it expects to completed by 2006.
On Monday, ABB received a $60 million contract to supply a power plant at the Three Gorges dam site in China.
Company Web site: www.abb.com
-By Stefanie Weitz, Dow Jones Newswires; +41-43-443-8048; email@example.com