CB&I Awarded U.S. Gas Processing Plant

Friday, May 21, 2010

CB&I (NYSE: CBI) announced today it has been awarded a project, valued in excess of $280 million, by Occidental of Elk Hills, Inc. for a new gas processing plant at the Elk Hills oil and gas field in Central California. CB&I's scope of work includes the engineering, procurement and construction of the 200 million cubic foot per day natural gas processing plant, including fractionation, storage tanks and export pipelines. In addition, CB&I's Lummus Technology sector is providing the proprietary NGL-Max^SM recovery technology. The project is scheduled for completion in the first half of 2012.

About CB&I

CB&I designs, engineers and constructs some of the world's largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies. Drawing upon more than a century of experience and the expertise of approximately 16,000 employees worldwide, CB&I safely and reliably executes more than 600 projects a year through its three business sectors: CB&I Lummus builds upstream and downstream oil & gas projects, LNG liquefaction and regasification terminals, and a wide range of other energy related projects; CB&I Steel Plate Structures designs, fabricates and constructs storage tanks and containment vessels and their associated systems for the oil & gas, water & wastewater, mining and nuclear industries; Lummus Technology capitalizes on more than 1,500 patents and patent applications to provide process technologies, catalysts and specialty equipment for petrochemical facilities, oil refineries and gas processing plants. 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/news.htm.

Source: CB&I