Tri-Tech Holding Awarded Natural Gas Field Project in Turkmenistan

Tri-Tech Holding Inc, which provides turn-key water resources management, water and wastewater treatment, industrTri-Tech Holding Inc., which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that its affiliate, Beijing Satellite Science and Technology Co. ("BSST"), bid for a project from Chuanqing Drilling Engineering Company Limited of China National Petroleum Corporation for a boundary security system and Terrestrial Trunked Radio ("TETRA ") communication system, part of the turnkey construction of a natural gas processing plant for the South Yolotan-Osman Gas Field in Turkmenistan. BSST expects the contract value will be over RMB 10 million.

Under the terms of the agreement, BSST will implement boundary alarm systems for the natural gas processing plant and the pre-processing plant and build five wireless trunked base stations and one digital trucked control center that will serve the natural gas processing plant, pre-processing plant, valve chambers and compressor station. The scope of services will include organization of equipment production, equipment procurement, software re-development and system integration, and installation, testing and commissioning of the systems. BSST expects to complete the project by the end of 2012.

Mr. Feng Han, President of BSST said, "The preventive alarm system will apply laser and optical communication technologies to monitor the surroundings of the natural gas processing plant, thereby ensuring the production safety of the plant. The TETRA communication technology, with the IP-based and control-centralized switchboard, will be responsible for a number of key functions of the gas field, including daily production scheduling, emergency command and wireless standby communication channel switching."

Mr. Gavin Cheng, Joint CEO of Tri-Tech Holding commented, "The Turkmenistan award marks another successful international industrial production safety project bid, following the natural gas analysis and monitoring project in Uzbekistan secured in May 2011. With a huge reserve and area of approximately 3,000 square kilometers, the South Yolotan-Osman Gas Field of Turkmenistan is one of the world's largest known gas fields. We are honored to participate in the construction of the gas plant boundary security and communication systems for such a giant gas field. We believe our successful bid is a testament to our capabilities and experience in project implementation, particularly production safety for oil and gas fields. As a qualified subcontractor for projects from large Chinese state-owned oil and gas companies, Tri-Tech will continue to strengthen its partnership with these companies, especially on projects in overseas markets."

Source: Marketwatch