Wison Announces North American LNG Agreement

                 Wison Announces North American LNG Agreement

PR Newswire

SHANGHAI, Feb. 28, 2013

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

Website: http://www.wison.com
Contact: Cynthia Bowen, Wison Offshore & Marine (USA), Inc., (281) 676-2668,
Cynthia.Bowen@wison-offshore.com; Yolanda Liu, Wison Group Holding Limited,
(86-21) 2030 6967, liucenyi@wison.com
 
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