Re Contract

ABB Ltd 13 December 2002 ABB wins US$ 34 million contract to work on world's largest oil pipeline Industrial IT control and safety systems for 1,760-kilometer project from Azerbaijan to Turkey Zurich, Switzerland, December 13, 2002 - ABB, the leading power and automation technology group, said today it has won a US$ 34 million contract to supply control and safety systems for the world's longest oil pipeline, running from Azerbaijan to Turkey. The new systems are based on ABB's Industrial IT technology, which links products and services with the information needed to run, service and maintain them. The construction consortium, BTC, will be able to control operations at both ends of the pipeline, which are 1,760 kilometers apart and in different countries. 'A cross-border technology solution is needed to make sure this extremely complex pipeline runs efficiently,' said Dinesh Paliwal, head of ABB's Automation Technologies division. 'Our Industrial IT platform is unique in that it handles both process and safety control in one system, rather than with separate systems as is done traditionally. This is important to ensure pipeline efficiency, as well as environmental and personal safety.' Construction of the US$ 2.9 billion underground pipeline will start next year and is due to be completed in 2005. When commissioned, it is expected to carry one million barrels of oil a day from Sangachel on Azerbaijan's Caspian coast, through Georgia to a new marine terminal at Ceyhan on Turkey's southern Mediterranean coast. Under the terms of the contract, ABB will supply, install and commission integrated control and safety systems to provide operational control, emergency shutdown options, and fire and gas monitoring of the pipeline, a marine terminal and two offshore production platforms. The work includes remote-controlled subsystems to isolate sections of the pipeline for regular inspection and maintenance. The pipeline will be linked over its entire length by a fiber optic telecommunications backbone. Associated field instrumentation includes transmitters and ultrasonic flow metering for the terminal, valve and pumping stations. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in more than 100 countries and employs about 146,000 people. This information is provided by RNS The company news service from the London Stock Exchange

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