Dubai Oil & Gas service provider in strong CIS event outing

GMMOS Group bullish of Kazakhstan's energy industry outlook

Dubai, 16^th October, 2007. GMMOS Group, a Dubai-headquartered equipment manufacturer, supplier and provider catering to the oil & gas, shipping and construction industries worldwide, is anticipating strong new business opportunities from the Caspian region following a successful presence at the 15^th edition of the annual KIOGE international oil & gas exhibition held in Kazakhstan last week.

The company believes it's ideally positioned to take a slice of the projected US$ 140 billion of foreign investment earmarked for Kazakhstan's oil infrastructure development, not least thanks to its direct market presence and international quality certification credentials. GMMOS Group's wholly-owned subsidiary, GMMOS Kazakhstan L.L.P is the CIS country's only oil equipment provider bearing the quality certification stamps U, U2, & S of the American Society of Mechanical Engineers (ASME), and National Board of Boiler and Pressure Vessels Engineers R Stamp.

"Our presence in KIOGE gave us the opportunity to meet with many existing and potential clients from the Caspian region and the rest of the world and we have received highly encouraging signs to believe that GMMOS Kazakhstan's already successful market presence will grow exponentially together with the country's massive growth potential," said Elias Nassif, President & CEO, GMMOS Group.

"There is room for growth in virtually every sub sector associated with oil extraction, processing, and transportation with prospects including geological exploration, geophysics, hydrogeology, drilling, research and data management, laboratory studies, oil spill cleanup technologies, and pipeline equipment and services," he said.

GMMOS Kazakhstan works with a number of local and international companies in Kazakhstan such as ENI-AGIP, TengizChevroil and the Kazakhstan National Oil Company, KazMunaiGaz. In addition, GMMOS Kazakhstan recently won many contracts including one for pig launchers and receivers for joint venture between PetroGas FZE and ENOC-subsidiary Dragon Oil of Turkmenistan.

GMMOS Kazakhstan LLP was registered in Kazakhstan in May 2004 launching operations a year later in a partnership between Gulf Marine Maintenance & Offshore Service Company - Dubai LLC (GMMOS), and Gateway Ventures (CA) Ltd. GMMOS Kazakhstan operates out of the Caspian port city of Aktau, the country's only sea access point earmarked for commercial traffic. The company specializes in the fabrication of pressure vessels, process skids and process piping.

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GMMOS Group
Dubai-headquartered GMMOS Group is a portfolio company of Abraaj Capital, the Middle East's premier private equity firm. With over a quarter of a century experience under its belt, GMMOS GROUP comprises highly skilled, specialist divisions in the fields of oil & gas, ship building and repair, chartering and construction.

For more information please contact:
Vicki Morley,
Account Director,
GolinHarris,
Dubai: +971 50 455 7149

Cynthia Darwish,
Senior Account Executive,
GolinHarris,
Dubai: +971 50 216 3352