DEL selects SAP software to meet future financial and managment needs

DEL selects SAP software to meet future financial and managment needs Abu Dhabi, March 22, 2004 (WAM) — Dolphin Energy Limited today announced it has selected the mySAP business suite to handle the energy company’s rapidly expanding business and operational requirements. The implementation will enable Dolphin to integrate its Projects, Corporate and Operations management into one central Enterprise Resource Planning (ERP) Platform. This will ensure that the organization efficiently coordinates such core business processes as financials, human resources, supply chain management, product life management, business intelligence and joint venture accounting and production sharing accounting, according to a press release issued today. “We have selected mySAP because of its proven systems, its regional record in the energy industry and a competitive price,” said Dolphin Energy CEO, Ahmed Ali Al Sayegh. “Our company is developing at great speed and we therefore took the long-term strategic decision to invest in an ERP System, which will help us grow effectively – and which is flexible enough to grow with us.” Dolphin will implement Phase One of the SAP installation by close of 2004, when financial, procurement and material management for Abu Dhabi and Doha operations will be activated. Phase Two starts in 2005, covering Plant Operation in Ras Laffan and other requirements. For SAP Arabia, Essam Enany, President of SAP Arabia, commented: “We are delighted to have been chosen by Dolphin Energy to supply mySAP Business Suite. We are looking for a long-term partnership where Dolphin will benefit from the collaborative business environment of mySAP, plus our extensive experience in the Oil & Gas industry.” He added, “SAP Arabia is committed to leveraging its extensive vertical industry experience to assist companies in improving efficiencies, increasing productivity and optimizing key business processes.” Dolphin Energy Limited Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC. Its objective is to create long-term economic wealth and new business opportunities for GCC citizens, far into the future. Dolphin Energy’s major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar’s North Field, and transportation of the dry gas by pipeline to the UAE, beginning in 2006. Dolphin Energy’s first energy initiative came on stream in 1st Quarter 2004.This pipeline supplies the power and desalination plant on the UAE’s East Coast – initially with natural gas from Oman, and subsequently with Dolphin gas from Qatar. Dolphin Energy is owned 51 percent by Mubadala Investment Company, on behalf of the Government of Abu Dhabi – and 24.5 percent each by Total of France and Occidental Petroleum of the USA. SAP Arabia SAP Arabia is the exclusive regional distributor for SAP AG, Germany. SAP AG is recognized as the leader in providing collaborative e-business solutions for all types of industries for nearly three decades. SAP Arabia, established in 1994 in Jeddah and Dubai, has been offering SAP solutions in 19 countries in the Middle East and North Africa. WAM-VV 11 14 CCCCQQE