CB&I Announces a Contract for a Gas Processing Project in Denmark

  CB&I Announces a Contract for a Gas Processing Project in Denmark

Business Wire

THE WOODLANDS, Texas -- January 22, 2013

CB&I (NYSE: CBI) announced today that it has been awarded a contract in excess
of US$175 million by DONG Oil Pipe A/S for the engineering, procurement and
construction services of the DO Hejre Crude Stabilization Project at the DONG
Oil Pipe Oil Terminal in Fredericia, Denmark. This is a fourth quarter 2012
award.

“This project builds on the work we have done in Denmark with the engineering
and construction of the DONG Oil Pipe Oil Terminal in 1984, and we are pleased
to return and provide our services for this important oil and natural gas
project,” said Philip K. Asherman, President and CEO.

The scope of CB&I’s current project includes a crude oil stabilization unit,
gas processing units and LPG storage and transfer facilities. The operation is
scheduled to start up during 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.

Contact:

CB&I
Investors:
Christi Thoms, +1 832 513 1200
or
Media:
www.CBI.com