CB&I (NYSE: CBI) has been awarded a contract valued at approximately US$50 million by Flota Petrolera Ecuatoriana (FLOPEC) to design and build storage facilities for a grassroots liquefied petroleum gas marine terminal in Ecuador.

CB&I's scope of work includes the engineering, procurement, fabrication, and construction of several refrigerated storage tanks and spheres with a total capacity exceeding 650,000 barrels. The project, located in Monteverde, approximately 100 miles west of Guayaquil, will provide Ecuador additional options for importing LPG, a fuel used for heating and transportation. The project is scheduled to be completed in 2010.

About CB&I

CB&I combines proven process technology with global capabilities in engineering, procurement and construction to deliver comprehensive solutions to customers in the energy and natural resource industries. With more than 70 proprietary licensed technologies and 1,500 patents and patent applications, CB&I is uniquely positioned to take projects from conceptual design, through technology licensing, engineering and construction and final commissioning. Drawing upon the global expertise and local knowledge of approximately 19,000 employees in more than 80 locations, CB&I safely and reliably executes projects worldwide. For more information visit www.CBI.com. If you would like to be added to CB&I's news release email distribution list, visit www.cbi.com/ir/email_alerts.htm.

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