1. Project Name: Central Area Field Complex Project

2. Introduction: EPC for 1) Central Process Facilities (Oil 32,000bpd)

                     2) Oil Gathering System

                     3) Gas & Water Injection System

                     4) Interface Connecting to MLE facilities

3. Contract Sum: US$643,000,000

4. Duration: 34 months from the start

5. Implication: 1) Great opportunity to strengthen Daewoo E&C’s weakest area – petrochem.

             2) Further indication of the company’s solid status in Algeria.

             3) Another example for reaping benefits from a first-mover advantage market.