Dresser-Rand Selected to Supply $154 Million of Equipment to BP for FPSO for Skarv Field in the Norwegian Sea

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July 31, 2007

Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment and aftermarket parts and services, announced today that it will supply advanced turbomachinery for a floating, production, storage and offloading (FPSO) vessel.

The award is estimated at more than $154 million USD. Dresser-Rand will supply gas turbine packages for power generation and gas compression. Dresser-Rand booked the order in May 2007.

"We are very pleased to have been awarded this contract," said Jesus Pacheco, Dresser-Rand's executive vice president, New Equipment Worldwide. "The award is further evidence of our leading role as a total solution provider of power generation and gas compression equipment for offshore platforms. Jim Heid, Dresser-Rand's vice president, Business Solutions, commented that "The contract will be executed under the agreement that exists between Dresser-Rand and BP, one of its key alliance clients, and reaffirms the value of alliance agreements to both Dresser-Rand and our clients."

Dresser-Rand will provide six DATUM(R) centrifugal compressor trains driven by variable speed electric motors for gas compression service, four generator sets for main power generation and control panels for each equipment package.

The electric motor-driven gas compressor packages include transformers and frequency converters for the drive system. The packages include complete three-point mounted baseplates, full enclosures for noise protection, and all auxiliary systems. String testing for the equipment will be conducted at the Dresser-Rand facility in Le Havre, France.

The power generation packages feature three point mounted, torque tube baseplates, noise enclosures, and all auxiliary systems. The equipment will be full-load string tested at Dresser-Rand's facility in Drammen, Norway.

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