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Dolphin Energy's Routine Maintenance Program Begins On Schedule
Company Issues Confirmatory Statement
Dolphin Energy Limited has issued the following statement in relation to the company's routine maintenance of its facilities, beginning today:
"Dolphin Energy Limited confirmed today (January 26, 2009) that the company has embarked on a routine partial maintenance shutdown of its production and processing facilities, as previously announced on January 20, 2008.
"This routine partial shutdown is being carried out for maintenance purposes during the low season of consumer demand, and is being closely coordinated with all Dolphin Energy customers.
"As a result of the shutdown, there will be a gradual reduction in supply of gas through the Export Pipeline linking Qatar with the UAE from average production of 2 billion standard cubic feet of gas per day (bcf/day) to 1 bcf/day, over a period of three to four weeks. The outcome of the maintenance works will be to enhance the company's operational performance.
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
DVP Corporate Communications
Tel +971 2 6995500
Fax +971 2 6995578