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Dresser-Rand to Supply Statoil

Dresser-Rand will supply power generation and compression equipment for Statoil's Kvitebjørn platform in the North Sea. The equipment will be supplied under terms of a contract approaching NOK 241 million that is part of Dresser-Rand's frame contract with Statoil. Dresser-Rand's facility in Kongsberg, Norway, will assemble and test the two DR60G generator packages. The company's Le Havre, France, facility will provide the two DATUM centrifugal compressor packages, as well as the dry gas seals. Delivery of the compressors is scheduled for December 2001, and the generator sets for February 2002. The platform is expected to og online in October 2004.