Wison Announces North American LNG Agreement

SHANGHAI, Feb. 28, 2013 /PRNewswire/ -- Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today agreement with EDF Trading and Exmar NV to support their collective endeavors to pursue LNG export opportunities in North America using offshore, barge-mounted natural gas liquefaction facilities developed by Exmar, Wison and Black & Veatch.

Under the agreement, Wison would be responsible for the turnkey engineering, procurement, construction, installation and commissioning (EPCIC) services for the mobile, self-contained units that would be capable of tying in to existing pipeline, tank and jetty infrastructure to enable LNG export. These plants will utilize topside liquefaction equipment and packages designed by Black & Veatch using its proven PRICO® single mixed refrigerant technology.

The agreement marks the second such collaboration between Wison, Exmar and Black & Veatch following the award for a similar facility announced in June 2012 and presently under construction at Wison's fabrication facility in Nantong, China.

"The ability to be involved with EDFT, a leading player in the global gas market, in developing LNG export scenarios for the North American market and expand our existing relationship with Exmar is a tremendous opportunity for Wison," said L. Dwayne Breaux, Executive Vice President for Wison Offshore & Marine, Ltd. "Wison, Exmar and Black & Veatch are in the process of proving that we can supply a reliable, cost-efficient solution to the industry and this opportunity will only further establish this group as the leading suppliers of offshore liquefaction facilities."

About Wison Offshore & Marine:

Wison Offshore & Marine is the upstream oil and gas division of the Wison Group. The company's services cover the full life cycle of project delivery, from facility design and engineering, to project management, construction, commissioning and operations. This expertise can be applied to all types of oil and gas developments including offshore LNG applications and facilities, fixed platforms and modules, marine and offshore support vessels, mooring systems, offshore lifting equipment, and complete floating production and drilling systems such as TLPs, Spars, Semisubmersibles, and floating production storage and offloading (FPSO) vessels. Wison Offshore & Marine is capable of executing engineering and design activities out of its headquarters in Shanghai, China, as well as Houston, Texas, USA, and perform fabrication of facilities from its two world-class yards in Nantong and Zhoushan, China.

For more info about Wison Offshore & Marine, please visit www.wison.com

SOURCE Wison Group



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