ABB awarded US$ 260-million offshore Khuff gas project

Includes installation of new network and processing platform

Zurich, Switzerland, September 12, 2000 – Global technology group ABB said today it has won a US$ 260-million contract to design the offshore Khuff gas project in Abu Dhabi, United Arab Emirates for an operating arm of the Abu Dhabi National Oil Company (ADNOC).

ABB said the scope of contract includes modifications and technology upgrades of 13 existing gas platforms and the construction of two new platforms. The platforms have topside weights of 4,400 tons and 1,200 tons and are being developed and constructed in water that is between 20 and 30 meters deep.

ABB was awarded the contract by ADMA-OPCO, an operating arm of ADNOC, which is located in Abu Dhabi. ADNOC’s 70-percent owned construction company, National Petroleum Construction Company (NPCC), is the designated fabricator and constructor for the project.

The contract, a further confirmation of ABB’s strong position in the oil, gas and petrochemicals area, follows closely behind four key deals. Today, ABB said it has agreed to invest US$ 100 million in Sinopec Corp., Asia's largest refiner, through an Initial Public Offering (IPO). Late last month, the group announced it had entered a majority-owned joint venture to acquire a polypropylene technology that will extend its petrochemical business. In late July, ABB won a US$ 574 million order, together with Petrofac International Ltd. of the U.S., to design and build a natural gas processing plant for the Ohanet gas fields in Algeria. And, in June, the group said it had agreed to buy the oil and gas activities – as well as the installation business – of Umoe ASA, a leading Norwegian service company in the oil and gas industry.

The ABB Group (www.abb.com) serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; building technologies; and in financial

services. With novel IT applications, tailored software solutions, growing eBusiness and a fast-expanding knowledge and service base, ABB is building links to the new

economy. The ABB Group employs about 160,000 people in more than 100 countries. (END)



English.doc

    •   Cancel
      • Twitter
      • Facebook
      • LinkedIn
      • Weibo
      • Print
      • Email
    •   Cancel

    Contact us

    • John Fox
      ABB Corporate Communications, Zurich
      Tel: +41 1 317 7371
      Fax: +41 1 317 7958
    • Pia Irell
      ABB Investor Relations, Zurich
      Tel: +41 1 317 7266
      Fax: +41 1 311 9817
    seitp222 c1256c290031524bc1256958003c30e9