Stolt awarded contract in Angola

Stolt Offshore SA has been awarded a contract by the Daewoo Shipbuilding and
Marine Engineering Company (DSME) for work on the Benguela and Belize offshore field
development in Block 14 in Angola, which is operated by Cabinda Gulf Oil Company,
ChevronTexaco’s affiliate in Angola. This EPIC contract, valued at approximately USD 112 million, is for the installation of 100km of pipelines to connect the new Benguela and Belize compliant tower to the Kuito FPSO and the South Nemba and KWIP platforms.

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