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CB&I Announces Contract In Australia

CB&I (NYSE: CBI) announced today that is has been awarded a contract, valued in excess of USD$225 million, by AGL Energy Limited (AGL) for the engineering, procurement, construction and commissioning work on the Newcastle Gas Storage Facility Project (NGSF) at Tomago in New South Wales, Australia.

CB&I was contracted in 2010 by AGL to begin front-end engineering and design execution planning on the project.

“We are pleased to continue our relationship with AGL on this project,” said Philip K. Asherman, President and CEO. “This contract builds on our extensive work history in Australia where we have a proven track record for outstanding project execution and superior safety performance.”

CB&I’s scope of work will include all the civil, structural, mechanical, piping, electrical, instrumentation and commissioning support for the construction of a LNG storage tank, gas pretreatment, the liquefaction, the vaporization and the associated utilities. Project completion is scheduled for 2015.

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.

Copyright Business Wire 2010

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