Re Contract

ABB Ltd
5 September 2001


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ABB wins $95-million in orders to build and operate offshore oil production 
units

Repeat contracts with Norway's Bergesen for oil processing systems 

Zurich, Switzerland, September 05, 2001 - ABB has won two orders from Bergesen 
d.y. Offshore, the Norway-based floating production contractor, to build and 
operate the oil processing systems on two floating production, storage and 
offloading (FPSO) units. The value of the order is US$ 95 million.

One of the FPSOs, 'Berge Hus,' is expected to be ready for operation in January 
2002 and will be able to process 160,000 barrels of liquids per day. The second 
FPSO. 'Berge Helene,' will have a production capacity of 60,000 barrels of oil 
per day and is expected to be ready for operation during the summer of 2002.

Under the terms of the contract, ABB will engineer and construct both oil 
processing units, including control and automation systems, and run them for 
four years or longer.

ABB started its relationship with Bergesen in November 2000 when it delivered 
and began operating the processing module for another FPSO, 'Sendje Berge' on 
the Ceiba field outside Equatorial Guinea, West Africa. The Sendje Berge process
module has achieved a 99-percent up-time since operations began.

Gorm Gundersen, Group Executive Vice President and head of ABB'S Oil, Gas and 
Petrochemicals division, said the latest order from Bergesen reinforces ABB's 
position as a leading supplier to the growing FPSO market. 'We have the people, 
technology and understanding of the offshore oil business to build our position 
even further,' he said.

ABB (www.abb.com) serves the utilities, manufacturing and process industries and
the oil and gas sector. With 160,000 employees in more than 100 countries, ABB 
offers customers a broad range of power products, automation products and 
financial services, as well as industry-specific products, solutions and 
services.