 |
 |
| CB&I Awarded Contract for U.S. Gas Processing Plant |
| Release: 7/12/2011 7:00:00 AM |
 
|
CB&I (NYSE:CBI) announced that it has been awarded a contract, valued in excess of $300 million, for a new natural gas processing plant in the Northeastern U.S. CB&I's work scope includes the engineering, procurement and construction of a 200 million cubic foot per day natural gas processing plant, including full fractionation and treatment capabilities, storage tanks and loading systems. In addition, CB&I's Lummus Technology business sector is providing its proprietary NGL-MaxSM recovery technology. The contract is scheduled for completion in 2012. "This contract is a great example of CB&I's ability to leverage the synergy of our technology, storage and EPC capabilities to provide a single-source solution to natural gas producers," said Philip K. Asherman, President and CEO. "As gas production ramps up in U.S. shale basins, we are well positioned to support the infrastructure development needs of these strategically important projects." About CB&I CB&I (NYSE:CBI) engineers and constructs some of the world's largest energy infrastructure projects. With premier process technology, proven EPC expertise, and unrivaled storage tank experience, CB&I executes projects from concept to completion. Safely. Reliably. Globally. For more information, visit www.cbi.com. Forward-Looking Statement This release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases, or expressions such as "achieve", "forecast", "plan", "propose", "strategy", "envision", "hope", "will", "continue", "potential", "expect", "believe", "anticipate", "project", "estimate", "predict", "intend", "should", "could", "may", "might", or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2010, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference. CB&I |