Yokogawa Australia Wins Supply Bid on Another Major Gas Project

Tokyo, Japan - November 16, 2012

Yokogawa Australia has won a supply bid from Bechtel for integrated control and safety systems for the Chevron-operated Wheatstone Project west of Onslow, Western Australia. The contract, which is worth approximately AUD $20 million, will see the majority of the manufacturing work completed at Yokogawa facilities in Australia.

Yokogawa will be supplying the CENTUM® VP integrated production control system, the ProSafe®-RS safety instrumented system, and the Plant Resource Manager (PRM) plant asset management system for two LNG trains that will have a combined capacity of 8.9 million tons per annum.

This supply win follows Yokogawa's involvement in the upstream portion of the Wheatstone Project, where Yokogawa was awarded the supply of control systems for the control and safety systems for the subsea controllers and the topside offshore infrastructure.

Yokogawa Australia's Managing Director, John Hewitt, comments as follows on how the latest Bechtel supply win underscores the recognized competence and experience of Yokogawa Australia in major LNG projects:

"Yokogawa Australia has a dedicated team of highly skilled process and IT engineers and support staff (57 of whom are based in Perth) providing the enabling technology to a number of key projects in Western Australia, notably in the oil and gas and minerals processing industries. Yokogawa opened a new Perth office in 2010 after 21 years in WA, and is currently doubling its office space to support these projects and provide training in our systems. Yokogawa Australia is developing into a center of excellence for LNG projects as measured by total gas train capacity which will be controlled by Yokogawa's VigilantPlant system. Each project comes with its individual challenges and Yokogawa has responded by tailoring solutions including involvement in the front end engineering and design of these key installations and supply of engineering design, fully integrated control systems, and precision instrumentation. We are also an active participant in the Australian Industry Participation Plan and have both involved and enabled local product and service suppliers to work with Yokogawa on these major projects, utilizing the services of the Industry Capability Network (ICN) network around Australia. Yokogawa has an enviable reputation as a provider of ultra-reliable control systems and instrumentation and is ideally placed to meet the demand for state-of-the-art control systems for these landmark Australian projects which will supply energy to the world for decades to come."

Bechtel is contracted to Chevron to provide engineering, procurement, and construction services for the downstream portion of the Wheatstone Project. Bechtel has been working in Australia for more than 58 years.


About the Wheatstone Project:

The Chevron-operated Wheatstone Project is one of Australia's largest resource projects. Located at Ashburton North, 12 kilometers west of Onslow in Western Australia, the project will consist of two LNG trains with a combined capacity of 8.9 million tons per annum and a domestic gas plant. The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron, Apache Corporation, Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell, and Kyushu Electric Power Company (Kyushu) together with PE Wheatstone Pty Ltd (part owned by TEPCO).

About Chevron Australia:

Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With a workforce of more than 3,000, Chevron Australia operates Australia's largest onshore oil field on Barrow Island together with the Thevenard Island oil fields. The company is leading the development of the Gorgon and Wheatstone projects, and is a foundation participant in the North West Shelf Venture. In addition, Chevron's Perth-based Global Technology Centre provides technology support and solutions to the company's operations in Australia and around the world. Chevron is continuing to explore for and appraise Australia's world class natural gas resources with its largest drilling campaign underway offshore north-west Australia. australia.chevron.com

About Bechtel:

Bechtel is among the most respected engineering, project management, and construction companies in the world. Bechtel operates through five global business units that specialize in oil, gas and chemicals; civil infrastructure; power generation, communications and transmission; mining and metals; and government services. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, its 53,000 employees team with customers, partners, and suppliers on diverse projects in nearly 50 countries.

About Yokogawa

Yokogawa's global network of 90 companies spans 55 countries. Founded in 1915, the US$4 billion company conducts cutting-edge research and innovation. Yokogawa is engaged in the industrial automation and control (IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit the company's website www.yokogawa.com

About Yokogawa Australia Pty Ltd:

Yokogawa products and services have been available in Australia for over 30 years, at first through Australian agents. In 1989 the company was renamed Yokogawa Australia Pty Ltd, an Australian-based wholly owned subsidiary of Yokogawa Electric Corporation of Japan.
Yokogawa Australia currently incorporates branches in New South Wales, Queensland, Victoria, South Australia, and Western Australia. It is a growing company which currently employs around 250 staff throughout Australia. Yokogawa Australia actively encourages and involves other Australian businesses through an Australian Industry Participation Plan, aimed at up-skilling and meeting international standards. Yokogawa's goal is to position the company as the first choice for both new and refurbishment projects in all major industries throughout the Australasian region. Yokogawa has been acknowledged by its peers and industry with achievements such as the coveted Frost & Sullivan Southeast Asia and Australia New Zealand Distributed Control Systems Company of the Year Award in 2011, reflecting Yokogawa's ongoing research and development efforts and growing market share. www.yokogawa.com/au/