Projects in China Continue to Grow Successful Achievement with 400 Million Hours Accident-Free BP Ningbo Huadong LPG Bulk Breaking Terminal Project A ceremony marking the completion of the BP Ningbo Huadong LPG Bulk Breaking Terminal Project was held on October 18, 2002, at the project site in Ningbo, Zhejiang Province, People’s Republic of China. On hand for the event were Ningbo Mayor Jin Deshui, city officials, President and Chief Executive of BP China Dr. Gary Dirks, and BP officials. Managing Director Atsuo Minamoto represented Chiyoda at the ceremony. The project, awarded to us in a consortium with NCC International A.B. of Sweden in March 2000, was to construct one of China’s largest underground receiving and storage terminals for liquefied petroleum gas (LPG). It can handle 1.6 million tons of LPG per year, and includes jetty, topside and underground processing /utility facilities and two under- ground storage areas for propane and butane. Chiyoda, as the consortium leader, was responsible for Engineering, Procurement, In his remarks at the ceremony, Dr. Dirks expressed his appreciation for the achieve- ment of 4 million accident-free man-hours on This was Chiyoda’s first experience in exe- cuting a project in consortium with a non- Japanese contractor in China. Cultural differ- ences caused problems at times, yet we over- came the difficulties and successfully turned over the terminal facilities in June 2003, as was set out in the contract. All commissioning work has also been completed and deliveries of refrigerated LPG started on August 5, 2002. We believe the teamwork of contrac- tors striving for the same goal was key to the success of the project.  Construction (EPC) of the topside and under- ground facilities for the process and utility plants, and construction of two jetties for 50,000 dwt and 5,000 dwt vessels. NCC International A.B. constructed the two under- ground caverns. the project, despite the harsh working envi- ronment. Foreign investment continues to grow in China, and we believe the successful comple- tion of the BP project, requiring stringent safe- ty/quality management, has proven our pro- ject execution capability. We hope to build on this experience to secure future projects in China. aoe Se Be PY : o |: E 0 .. 1 = People celebrate the completion of the BP Ningbo Huadong LPG Bulk Breaking Terminal Project. The LPG storage facility and the ingress shaft Above-ground facilities 11