CB&I Joint Venture Awarded Contract for Arrow LNG Liquefaction Plant Project in Australia
Release: 8/15/2011 7:58:00 PM
  

CB&I (NYSE:CBI) announced that it has been awarded, through its joint venture with Chiyoda Corporation and Saipem S.p.A., the Preparation and Supply of the Project Specification contract for the Arrow LNG Plant Project in Australia.

Arrow Energy Pty Ltd., the project operator, is a 50/50 joint venture partnered by Royal Dutch Shell and PetroChina.

The project, which will be designed with a production capacity of 8 million tonnes per annum (4.0 MTPA x 2 trains), is planned to be constructed on Curtis Island, off the coast of Gladstone, on the east coast of Queensland, Australia. The project plans to expand its capacity up to 16 MTPA in the future. The LNG plant will be supplied with coal seam gas from the Surat and Bowen basins in Queensland and will process, treat and liquefy the gas for export.

"We are pleased to be selected for this significant project, which will help meet the world's demand for clean energy," said Philip K. Asherman, President and CEO. "This award builds on our proven worldwide LNG technical expertise and our 75-year history in Australia."

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.

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