Re Contract

ABB Ltd
20 May 2003




ABB wins US$ 160 million oil contract in North Sea



Order builds on long-term relationship with Norsk Hydro



Zurich, Switzerland, May 20, 2003 - ABB, the leading power and automation
technology group, said today it has won an order worth US$ 160 million for
maintenance and modification work on Norsk Hydro's oil installations on the
Norwegian continental shelf in the North Sea.



'ABB has carried out a similar contract for Norsk Hydro since 1994, and we see
this award as a confirmation of their satisfaction with past work, and a strong
belief in good cooperation in the future,' says Erik Fougner, head of ABB's Oil,
Gas and Petrochemicals division.



The three-year contract is  for maintenance and modification on  Oseberg Field
Centre, Oseberg South and Njord, as well as the onshore terminal at Sture in
western Norway. The contract has options for three two-year extensions.

ABB has won a series of orders from Norsk Hydro. One of the latest was a US$ 80
million contract to provide two modules to increase oil production and start the
export of gas from the Visund oil platform in the North Sea.



ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in around 100
countries and employs about 135,000 people.




                      This information is provided by RNS
            The company news service from the London Stock Exchange