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Press Release

GE Oil & Gas to Supply Compressors for LDPE Plant in China

June 12, 2003

FLORENCE, ITALY (June 12, 2003) --- Tecnimont of Milan, Italy has awarded GE Oil & Gas a contract to supply two reciprocating compressors, parts and services for the Nanhai low density polyethylene (LDPE) plant in Guangdong Province, China. The plant is owned by CSPC, a joint venture between CNOOC Petrochemicals Investment Ltd. and Shell Nanhai BV.
The scope of GE's contract includes a 6HF/2-3 booster/primary compressor with a power rating of 4,804 kW, a 14PK/2 hypercompressor with a power rating of 20,950 kW, design and engineering, construction and supervisory erection services, as well as spare parts.
The equipment will be manufactured at GE Oil & Gas facilities in Italy and will be shipped to the project site in April of 2004 for installation by the third quarter of 2004. The plant is scheduled to begin commercial operation by the end of 2005, and will produce 300,000 tons of LDPE per year.
GE Oil & Gas is a world leader in the design and manufacturing of booster/primary compressors and hypercompressors with delivery pressures of up to 3,500 bar for the production of LDPE. GE Oil & Gas's experience with hypercompressors dates back to 1964. The company has delivered more than 45 units to date, 12 of which have delivery pressure higher than 3,000 bar.
Tecnimont (www.tecnimont.it) is an international engineering and construction contractor operating worldwide in the fields of petrochemicals, chemicals, fertilizers, energy and oil and gas; and in technological infrastructure works. It is the industry leader in the polyolefin sector with more than 80 polypropylene and 23 polyethylene plants implemented worldwide.
GE Oil & Gas is headquartered in Florence, the home of Nuovo Pignone, a long-time leader in gas compression and turbo generation products. GE Power Systems acquired ownership of Nuovo Pignone in 1994 and has continued to expand its oil and gas business by acquiring or developing partnerships with other technology and experience leaders in the industry. Other members of the GE Oil & Gas family include Gemini, GE Packaged Power Odessa, Rotoflow, AC Compressor and Conmec, all of the U.S.; Thermodyn of France; and PII Pipeline Solutions of the U.K.

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