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GE To Supply Dresser-Rand With Seven DLE-Equipped LM2500+ Gas Turbines for Statoil's Asgard B and Karsto Facilities

January 22, 1999

EVENDALE, OH - GE Industrial AeroDerivative Gas Turbines (GE-IAD) announced it will supply Dresser-Rand AS, Kongsberg, Norway, with seven GE LM2500+ aeroderivative gas turbines. The units will be used at two separate facilities owned by Statoil, the Norwegian oil and gas company.

Three LM2500+ gas turbines will be used for compressor drive on Statoil's Asgard B semi-submersible production floater to be situated in the Norwegian sector of the North Sea. Each gas turbine will be connected to a heat recovery system. Two additional LM2500+ gas turbines will provide power generation for the Asgard B production floater.

Two LM2500+ gas turbines also will be used for gas compression at the Karsto gas treatment plant located onshore in Karsto near Stavanger, Norway. Gas from the Asgard field will be piped through the Asgard transport line to the Karsto treatment plant. Each LM2500+ train will be connected to a heat recovery unit for steam production. These two units will drive Dresser-Rand DATUM efficient centrifugal compressors.

Statoil has already ordered two LM6000 gas turbines which will produce power for its Asgard A floating production, storage and off-loading vessel (FPSO); two LM2500+s will drive DATUM centrifugal compressors. Commercial start up of these units on the Asgard A FPSO is slated for June 1999. Statoil expects to see increased efficiencies of 2% to 5% above the 83% industry standard by using DATUM compressors.

Seven of the nine GE gas turbines to be used at the Asgard A and B facilities, and at the Karsto gas treatment plant, will be equipped with GE-IAD's Dry Low Emissions combustion systems and GE-IAD's six-stage power turbines.

This low-speed power turbine has been uprated to match the LM2500+ gas generator capability in mechanical drive and power generation applications. It is ideal for applications in the 3000-3600 rpm output shaft speed regime and geared high speed (to 11000 rpm) compressor drive service. This power turbine is an upgraded version of the power turbine currently available on production LM2500s.

The LM2500+ gas turbines will be manufactured at GE-IAD's Evendale, OH facility. The gas turbines will be placed into compressor drive and power generation packages by Dresser-Rand at its Kongsberg facility. Commercial operation of all seven units at Statoil's Asgard B and Karsto facilities is slated for October 2000.

Dresser-Rand is a partnership of the Halliburton Company of Dallas and the Ingersoll-Rand Company of Woodcliff Lake, NJ. The company designs, manufacturers, sells and services large, highly engineered centrifugal and reciprocating compressors, steam and gas turbines, electric motors, generators, and control systems for the oil and gas, petrochemical and power generation industries worldwide.

GE-IAD is part of GE Power Systems, and is headquartered in Evendale, OH. GE-IAD is the world's largest designer, developer and manufacturer of aeroderivative gas turbines for a variety of power generation and gas compression applications.