DORIS Engineering Wins Contract for Moho Bilondo Development

DORIS Engineering has been awarded a contract valued at US $38 million for work associated with the Moho Bilondo oil development project located in Congolese waters offshore West Africa. This development is operated by TOTAL E & P Congo 53.5%, together with Chevron Overseas Congo Limited 31.5%, and SNPC (Société Nationale des Pétroles Congolais) 15%.

In July 2005, TOTAL E & P awarded a contract in the range of US $400 million to US $500 million to Hyundai Heavy Industries (HHI), a Korean shipbuilding contractor, for the engineering, procurement, construction and installation of the Moho Bilondo floating production unit (FPU) to be utilized for production in approximately 600 metres of water at a rate of 90,000 barrels per day.

HHI has sub-contracted a portion of this work to DORIS Engineering. More specifically, DORIS will complete the front end detailed design of the FPU topsides facilities - a contract valued at approximately $5M (USD). It has also been awarded a $33M (USD) turnkey contract for the design, fabrication and installation of the mooring system of the FPU.

Topsides design work will begin immediately and is scheduled to be completed by first quarter 2006. Procurement, fabrication and installation of the mooring system is expected to be completed by August 2007. The Moho Bilondo Project is expected to see first oil by February 2008.