Sime Engineering Services Wins Work Offshore Qatar

Sime Engineering Services' subsidiary, Sime Darby Engineering, has been awarded a contract by Maersk Oil Qatar AS for engineering work at the Al Shaheen Block 5 Development offshore Qatar. The contract covers the engineering, procurement, construction, transportation & installation and hook-up & commissioning of one process platform, one utility platform and three bridges. The contract is valued at approximately US $600 million.

SDE's principal business activity is the provision of engineering, procurement, construction, installation, and hook-up and commissioning services to the oil and gas industry.

The contract will be undertaken over a period of 33 months and is expected to have a positive effect on the earnings and net assets of the SES Group for the financial years ending June 30, 2007 to 2009. None of the directors or substantial shareholders of SES or persons connected to them has any interest, direct or indirect, in the award of the contract.