ONQUEST WINS $30 MILLION PROJECT FOR CHEVRON AUSTRALIA

Firm Wins Contract for Waste Heat Recovery Units at Gorgon Facility, Barrow Island

Los Angeles, CA (Feb. 17, 2010) San Dimas, Calif.-based OnQuest, Inc., a leader in furnace and process technologies for the petrochemical industry, has won a US$30 million project to design and supply a set of six waste heat recovery units to the Gorgon project, a $43 billion liquefied natural gas project headed by Chevron Australia Pty., Ltd.

OnQuest will provide six waste heat recovery units to recover energy from the exhaust of the Gorgon project's gas turbines to achieve high thermal efficiencies. The turbines at Gorgon are supplied by Fairfield, Conn.-based General Electric Co.

The Gorgon Project on Barrow Island in Western Australia is a joint venture between three of the world's biggest energy companies. Chevron Australia has 50 percent ownership in the project. ExxonMobil and Shell each hold 25 percent.

The project will extract gas from 30 interconnected wells drilled into the sea floor at the Greater Gorgon gas fields off the coast of Western Australia. Gas will be piped to Barrow Island, where it will be purified and then cooled to minus 161C, condensing it into a transportable liquid. A total of 15 million tons a year of liquefied natural gas (LNG) will be processed in three LNG trains, each processing five million tons per annum.

The Gorgon complex, projected to take five years to complete, will also include gas processing and treatment facilities, product storage and offloading, off-sites, utilities and accommodations. OnQuest's work commenced on December 1, 2009 and is scheduled for completion by December 1, 2011.

The Gorgon project is recognized as enormously important to Australia's economy, offering to transform the country into a major supplier of natural gas to world markets. Approved by the Australian government in August 2009, Gorgon is the country's largest biggest natural-gas resource. The project includes the country's largest sub-sea project and an ambitious, cutting-edge carbon sequestration component.