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VAT/TAX REGISTRATION DETAILS

UAE

Dolphin Energy Ltd. has successfully registered for Value Added Tax (VAT) with the Federal Tax Authority (FTA). Our VAT Registration Number is: 100012226500003.

QATAR

Dolphin Energy Ltd. has successfully registered for Dhareeba Tax Portal with General Tax Authority (GTA). Our TIN Registration Number is: 5000436444.

press releases

March 22, 2004 Abu Dhabi

Dolphin Energy Selects SAP Software To Meet Future Financial And Operations Management Needs

Abu Dhabi - Monday, March 22, 2004

Integrated Business Solution will be Installed over Two Years

Dolphin Energy Limited today announced it has selected the mySAP business suite to handle the energy company's rapidly expanding business and operational requirements.

The implementation will enable Dolphin to integrate its Projects, Corporate and Operations management into one central Enterprise Resource Planning (ERP) Platform. This will ensure that the organization efficiently coordinates such core business processes as financials, human resources, supply chain management, product life management, business intelligence and joint venture accounting and production sharing accounting.

"We have selected mySAP because of its proven systems, its regional record in the energy industry and a competitive price," said Dolphin Energy CEO, Ahmed Ali Al Sayegh.

"Our company is developing at great speed and we therefore took the long-term strategic decision to invest in an ERP System, which will help us grow effectively and which is flexible enough to grow with us."

He added: “I congratulate Saipem on their carefully-prepared bid. Dolphin looks forward to working closely with the company to ensure maximum efficiency, and minimum environmental disturbance, throughout the contract period.”

Dolphin will implement Phase One of the SAP installation by close of 2004, when financial, procurement and material management for Abu Dhabi and Doha operations will be activated. Phase Two starts in 2005, covering Plant Operation in Ras Laffan and other requirements.

For SAP Arabia , Mr Essam Enany, President of SAP Arabia , commented: "We are delighted to have been chosen by Dolphin Energy to supply mySAP Business Suite. We are looking for a long-term partnership where Dolphin will benefit from the collaborative business environment of mySAP, plus our extensive experience in the Oil & Gas industry."

The award was made in accordance with the recommendations of the Dolphin Tender Committee. Other approved bidders were Allseas ( Switzerland), J Ray McDermott (UAE), NPCC (UAE) and Stolt of France.

He added, "SAP Arabia is committed to leveraging its extensive vertical industry experience to assist companies in improving efficiencies, increasing productivity and optimizing key business processes."

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