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Dolphin Energy Awards $418 Million Construction Contract For Taweelah - Fujairah Gas Pipeline

Abu Dhabi - July 22, 2008

Winner is Stroytransgaz PJSC of Russia

Dolphin Energy Limited announced today the award of the construction contract for its new Taweelah to Fujairah Gas Pipeline (TFP) across the UAE to Stroytransgaz PJSC of Russia. Site work will begin during third quarter 2008.

The new gas pipeline will be 48 inches in diameter. It is to be laid over an environmentally approved cross-country route, through more than 240 kilometers of desert and mountainside – one of the longest and largest overland pipelines in the UAE.

The TFP will link Dolphin Energy’s gas receiving facilities at Taweelah, on the coast of Abu Dhabi, with the ADWEA Power and Water Desalination Plant at Qidfa, in Fujairah. It is designed to carry significant quantities of Dolphin gas from Qatar via Taweelah directly to the UAE east coast.

The value of the TFP construction contract is $ 418 million. Eight international construction companies initially bid for the work, and technical tenders were accepted from five, which proceeded to the commercial bid stage. They were: Al Jaber Energy Services, UAE; Consolidated Contractors International (CCC), Greece; Dodsal, India; Stroytransgaz PJSC of Russia and Saipem/Snamprogetti of Italy.

The award for the TFP line pipe was announced earlier, in December 2007. The order went to Salzgitter Mannesmann International GmbH, and is worth more than $200 million: some 120,000 tons of X70 48-inch coated line pipe will be supplied in total. Already more than 40 percent of the pipe lengths have been received, with delivery completion set for spring 2009.

Dolphin Energy’s General Manager UAE, Ibrahim Ahmed Al Ansari, said: “We congratulate Stroytransgaz PJSC on being awarded this contract, at the end of an exhaustive tender process”.

Mr Al Ansari added: “Dolphin expects swift mobilization and efficient progress with the contract. We are fully committed to supporting ADWEA’s gas requirements.”

Dolphin Energy Limited

Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC and to create long-term economic wealth and new business opportunities for GCC citizens, far into the future.

Dolphin Energy’s major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar’s North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to the UAE, which begun in July 2007.

The long term customers for Dolphin gas from Qatar are ADWEA (Abu Dhabi Water & Electricity Authority), UWEC (Union Water & Electricity Authority), DUSUP (Dubai Supply Authority) and from 2008 OOC (Oman Oil Company). Each has signed a gas supply agreement with Dolphin Energy for 25 years.

Dolphin Energy is owned 51 percent by Mubadala Development Company, on behalf of the Government of Abu Dhabi – and 24.5 percent each by Total of France and Occidental Petroleum of the USA.

Detailed information about Dolphin Energy can be found on:www.dolphinenergy.com

For further information contact:
Mariam Al Badr
Corporate Communications Manager
Tel +971 2 6995500
Fax +971 2 6995578

© 2009 Dolphin Energy. All rights reserved.