Chevron Nigeria Awards Gtl

April 2005

Pump Industry Analyst

Pump Company

OIL & GAS

MARKET PROSPECTS

Index ABS 1,12 Alfa Laval 5,12,13,15 Allweiler 12 Ampco-Pittsburgh 15 Andritz 13,15 Ansimag 11 Armstrong 10 Baker Hughes 15 BHEL 15 Bjørge 13,15 Cardo 1,13,15 Cardo Pump 1 Caster 11 Crane 15 Davey Products 11,12 DMW 15 Dover 15 Ebara 15 Flowserve 1,10,13,15 Fristam 14 Gardner Denver 15 GE 15 General Electric 7 Gévelot 10,11,13,15 GL&V 7,15 Gorman-Rupp 15 Graco 15 Grundfos 8,16 Grundfos India 11 GUD Holdings 13,15 Hamworthy 15 HMD 11 Hyundai Heavy Industries 15 Idex 8,15 ITT Industries 12,13,15 Johnson Pump 13,15 Johnson Pump (UK) 16 Kirloskar Brothers 11,15 KSB 11,12,13,15,16 Kubota 15 Layne Christensen 15 Met-Pro 11,15 Metso 13,15 Monarch 10 Mono Pumps 10,16 Moyno 14 National-Oilwell 15 Nikkiso 15 PCM Pompes 10,11,13 Pentair 6,10,11,14,15 Pfeiffer Vacuum 15 PG Marine 11 Precision Castparts 15 Pursuit Dynamics 10,15 Robbins & Myers 9,14,15 Roper Industries 15 Saer Elettropompe 13 Schlumberger 15 Siemens 13 SKF 10,15 Spirax-Sarco 13,15 SPX 15 Sta-Rite 13 Sulzer 11,13,15,16 Sulzer Pumps 14,16 Sundyne 11 Tarby 12 Tecumseh 13,15 Teikoku Electric 15 Textron 15 Thomas Industries 15 Torishima 15 Tsurumi 15 United Technologies 11,15 Weir 9,13,14,15 Weir Pumps 11,13 Weir Techna 11 Wilden 10 Wood Group ESP 10 WorldWater 15

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BP TO SPEND US$130MN ON CLEAN FUELS PRODUCTION BP plans to invest more than US$130 million on new clean diesel facilities at its Whiting, Indiana refinery. With the addition of a new distillate hydrotreater, the refinery will produce additional supplies of ultra low sulfur diesel fuel that meets or exceeds all on-road diesel regulations. The new unit will have the capacity to produce approximately 36 000 barrels per day (bpd) of the ultra low sulfur diesel product. BP has already started preliminary work on the project and expects to complete construction in mid-2006.

FW/HUANQIU JV STUDIES CHINESE CTL FACILITY Foster Wheeler Energy Ltd and China Huanqiu Contracting & Engineering Corp are to undertake a Stage I feasibility study contract for Sasol and its Chinese partners, China Shenhua Coal Liquefaction Corp Ltd and Ningxia Luneng Energy and High Chemistry Investment Group Co Ltd. The contract covers two 80000 bpd coal-to-liquids (CTL) facilities to be located in the Ningxia Autonomous Region and in Shaanxi Province. This would be the first use of Sasol’s CTL technology outside South Africa. The Foster Wheeler/ Huanqiu joint venture will evaluate the available technologies for the projects and complete feasibility study Stage I work to integrate these

with the associated utilities and infrastructure systems. Huanqiu will provide gasification experience together with the essential local technical, commercial and legislative information.

CHEVRON NIGERIA AWARDS GTL EPC CONTRACT A KBR/Snamprogetti/JGC joint venture has been awarded a US$1.7 billion engineering, procurement and construction (EPC) contract for the Chevron Nigeria Ltd/Nigeria National Petroleum Corp gas to liquids (GTL) facility in Escravos, Nigeria. The Escravos GTL plant will convert natural gas to produce ultra clean GTL diesel. The plant will have an output of 34 000 barrels per day of GTL diesel, naphtha and liquefied petroleum gas for export. The KBR/Snamprogetti/ JGC joint venture’s project directorate will be located in KBR’s offices in Houston, Texas.

PETROCHEMICALS AKER KVAERNER WINS CHINESE ENGINEERING CONTRACT Aker Kvaerner Netherlands BV has signed a contract with Univation Technologies for the basic engineering of a new, world-scale polyethylene plant at the Quanguang Petrochemical Complex in Quangzhou, Fujian province, China. The plant, which will use Univation’s UNIPOL polyethylene technology, consists of two world-scale 400 000 tonnes per annum (tpa) lines. The basic engineering will be

executed from Aker Kvaerner’s Zoetermeer office in the Netherlands, with support from the company’s China organization. Start-up is scheduled in 2008. The polyethylene plant is part of a larger project that includes expansion of Fujian’s refinery from 80 000 bpd to 240 000 bpd, a new 800 000 tonnes per annum (tpa) cracker, a 400 000 tpa polypropylene plant and an aromatics plant.

CHEMICALS FW PLAYS PES CONTRACTOR ROLE FOR SAUDI CHEMICAL PLANT Foster Wheeler Energy Ltd has secured a project engineering services (PES) contract from Jubail Chemical Industries Co for its epichlorohydrin and chlor-alkali project (Project HASSAD) in Al-Jubail Industrial City, Saudi Arabia. As PES contractor, Foster Wheeler will co-ordinate the engineering, procurement and construction phases of the project, which is scheduled for completion in 2007.

PULP & PAPER METSO TO SUPPLY TISSUE MACHINE TO CHINA Metso Paper will supply a tissue machine to Fujian Heng Li Group Co Ltd in Nanan City, Fujian Province, China. Metso’s delivery will include a complete Advantage DCT100 tissue line together with the dust management system and air and ventilation equipment. The order also includes stock preparation