CB&I Announces LNG Award in Australia

                    CB&I Announces LNG Award in Australia

PR Newswire

THE WOODLANDS, Texas, March 18, 2014

THE WOODLANDS, Texas, March 18, 2014 /PRNewswire/ --CB&I (NYSE: CBI)
todayannounced it has been awarded a contract by Bechtel valued in excess of
US$625 million (approximately A$690 million) to provide structural, mechanical
and piping construction work for all outside battery limits modules and
associated units for the Chevron-operated Wheatstone Project at Ashburton
North in Western Australia.

"CB&I is proud of its 75-year history in Australia, where we have an excellent
safety performance and a successful LNG track record," said Patrick K. Mullen,
President of CB&I's Engineering, Construction and Maintenance operating group.
"This award builds on CB&I's involvement in many of the major LNG and other
oil and gas projects in this important region of 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. With 125 years of
experience and the expertise of approximately 55,000 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.

About the Wheatstone Project
The Chevron-operated Wheatstone Project is one of Australia's largest resource
projects. Located at Ashburton North, 12 kilometres west of Onslow in Western
Australia, the project will consist of two LNG trains with a combined capacity
of 8.9 million tonnes per annum and a domestic gas plant. The Wheatstone
Project is a joint venture between Australian subsidiaries of Chevron, Apache
Corporation, Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell and
Kyushu Electric Power Company (Kyushu) together with PE Wheatstone Pty Ltd
(part owned by TEPCO).

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, 2013, 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.

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.

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SOURCE CB&I

Website: http://www.cbi.com
Contact: Media: www.CBI.com or Investors: Christi Thoms, +1-832-513-1200
 
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