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Dolphin Energy Delivers First Natural Gas to Oman

Abu Dhabi - October 31, 2008

Tri-Nation Gas Grid Completed as Supplies from Qatar Reach UAE-Oman Border

Dolphin Energy Limited began to supply gas to Oman today, completing the strategic Qatar-UAE-Oman natural gas grid first proposed in 1999.

The company announced that Dolphin gas from Qatar was now flowing to the Sultanate for the very first time, as part of a 25 year Gas Sales Agreement (GSA) signed in 2005.

Al Dolphin's gas is produced offshore Qatar and is processed onshore at its Ras Laffan Gas Processing Plant. The gas is then compressed and pumped through the Export Pipeline to Dolphin's Receiving Facilities in Abu Dhabi, UAE, for distribution to customers.

Supplies for Oman subsequently flow across the country via the company's Eastern Gas Distribution System (EGDS) to Al Ain, where the EGDS connects with a new Omani pipeline on the Oman border.

Dolphin Energy began to deliver gas to UAE customers in July 2007: it has been supplying them with an average of 2 billion standard cubic feet of gas a day (scf/day) since February 2008. Oman will be receiving some 10 percent of this quantity, 200 million scf/day, under the terms of the GSA.

Dolphin Energy's CEO, Ahmed Ali Al Sayegh said: "This is a historic moment for Dolphin Energy - it is equally significant for the three nations who have embraced and supported the Dolphin Gas Project from the very beginning.

"We have always been grateful for Oman's supply of gas to our Al Ain-Fujairah pipeline project in 2004, which enabled us to deliver much needed gas to the Northern Emirates three to four years earlier than if we had waited for completion of our Qatar facilities.

"Now Dolphin, in its turn, can contribute to Oman's own future economic growth."

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.