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For Immediate Release

CUEL Limited Awarded HOEC Project

Bangkok, 19 September 2007
- CUEL Limited, a Thailand-based offshore construction company, has been awarded a project, supply Wellhead Jacket and Topside total weight 3,320 tones, from Hindustan Oil Exploration Company (HOEC) for its development in the northern offshore portion of the Cauvery Basin, within the State of Tamil Nadu, India.

The work scope awarded to CUEL Limited covers Engineering Constructability Reviews, Procurement of all Materials & Spares, Fabrication, Load out & Sea-fastening. The fabrication will be carried out at our yard in Laem Chabang, Chonburi Province, on the eastern seaboard of Thailand. The Wellhead Platform is scheduled to sail away in January 2009.

 
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