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CB&I Announces Pipe Fabrication Contract In Australia

THE WOODLANDS, Texas, June 26, 2013 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract valued in excess of $40 million. The scope of work includes pipe fabrication for a major liquefied natural gas project in Australia, which will be executed by CB&I's manufacturing facility in the United Arab Emirates.

"This award builds on CB&I's proven expertise in pipe fabrication for liquefied natural gas projects," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "Our fabrication technology and management systems support major capital projects for clients around the world."

About CB&I

CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. Drawing upon more than a century of experience and the expertise of approximately 50,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press 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, 2012, 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.

(Logo: http://photos.prnewswire.com/prnh/20130430/DA04155LOGO)

SOURCE CB&I

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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