Salzgitter Mannesmann International of Germany Wins $200 Million-plus Order

Abu Dhabi, UAE, December 23, 2007 - Dolphin Energy Limited announced today the award of the line pipe supply purchase order for its new Taweelah to Fujairah Gas Pipeline (TFP) across the United Arab Emirates.

The award has gone to Salzgitter Mannesmann International GmbH, who will manufacture the line pipe at the Europipe Steel Mill in Germany. This purchase order is worth more than $200 million and some 120,000 tons of X70 48-inch coated line pipe will be supplied. First deliveries are expected in the summer of 2008, with delivery completion in spring 2009.

The pipeline will link Dolphin Energy's gas receiving facilities at Taweelah on the coast of Abu Dhabi with the ADWEA Power and Water Desalination Plant at Qidfa in Fujairah, on the UAE's east coast. It will be laid over an environmentally approved cross-country route, through more than 240 kilometers of desert and mountainside.

Meanwhile, the bids for the design and construction of the TFP are due by January 31, 2008. Nine contracting companies were invited to bid in November 2007. The contractor will be appointed before summer, with site work due to begin shortly thereafter.

Commenting on the line pipe award, Dolphin Energy's General Manager UAE Ibrahim Ahmed Al Ansari said: "There is a strong world demand of quality steel pipe - Dolphin has had to compete with other major international projects to secure the line pipe for the TFP Project.

"We undertook a fast-track procurement process, and we have been able to achieve a very competitive price and delivery schedule in difficult market conditions. We are committed to supporting ADWEA's gas requirements in Qidfa, Fujairah."

-Ends-

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 began 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

© Press Release 2007