CB&I Announces Offshore Award for Project in Norwegian Sea

  CB&I Announces Offshore Award for Project in Norwegian Sea

Business Wire

THE WOODLANDS, Texas -- February 19, 2013

CB&I (NYSE: CBI) announced today that it has been awarded a project valued in
excess of US$180 million by HYUNDAI Heavy Industries Co., Ltd. (HHI).

CB&I's scope of work, which will commence in the first quarter, includes
detailed engineering design and procurement services for the spar topside that
is part of Statoil's Aasta Hansteen field development project off the coast of
Norway.

When operation begins, the production platform will be the world's largest,
capable of producing 812 million cubic feet (23 million cubic meters) of gas a
day and storing 160,000 barrels of condensate.

“We are pleased to work with HHI on this landmark project,” said Lasse
Petterson, Executive Vice President and Chief Operating Officer. “The award
builds on our extensive work history engineering offshore topsides and our
successful track record on the Norwegian Continental Shelf.”

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.

Contact:

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