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PRESS RELEASE 24 Nov 2008

PÖYRY AWARDED ENGINEERING CONTRACTS IN AUSTRALIA

PÖYRY PLC          Press release 24 November 2008 at 10.30 a.m.
 
PÖYRY AWARDED ENGINEERING CONTRACTS IN AUSTRALIA
 
Pöyry has been awarded contracts by Woodside Energy as part of the Pluto liquefied natural gas project, currently under construction in Western Australia. The value of the contracts total EUR 2.7 million.
 
Pöyry's engagement covers ongoing flow assurance and related process engineering services for the production system, development of operating philosophies and manuals, and supporting commissioning and start-up activities.
 
The Pluto LNG Project is set to become the fastest-ever developed liquefied natural gas project, from discovery of the gas field in 2005 to planned production of first gas in late 2010. The AUD 12 billion project will process gas from the Pluto and Xena gas fields in the Carnarvon Basin. In one of the longest deepwater tie-backs in the world, the flow assurance studies for Pluto are vital to ensure acceptable fluid flow under all operating conditions. The studies include evaluating the thermal and hydraulic performance of the Pluto production system, from the reservoir through 27 km of subsea flowlines across the Pluto offshore platform and onwards into the 180 km subsea trunkline to the onshore LNG plant. A significant portion of this work involves hydrate management utilising current world class practices and technologies to address the various steady state and transient operating scenarios.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to EUR 720 million and it employs 8000 experts.
 
PÖYRY PLC
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Fraser Maywood, Director - Business Development, Pöyry Energy Pty Ltd, Perth, Australia
Tel. +61 8 9327 1912
 
 
DISTRIBUTION:
Major media