CB&I Awarded Contract for the South Caucasus Pipeline Expansion Project
THE WOODLANDS, Texas, April 14, 2014
THE WOODLANDS, Texas, April 14, 2014 /PRNewswire/ --CB&I (NYSE: CBI) today
announced it has been awarded a contract valued in excess of $85 million by a
consortium led by BP for engineering and project management services for the
development of the South Caucasus Pipeline Expansion (SCPX) project, part of
the Stage 2 development of the Shah Deniz field located in the Azerbaijan
sector of the Caspian Sea. The South Caucasus Pipeline is a pipeline that
transports gas from the Shah Deniz field to Turkey via Azerbaijan and Georgia.
"This award builds on the successful relationship between CB&I and BP and is a
testament of the customer's confidence in our experience and ability to
engineer this critical infrastructure," said Patrick K. Mullen, President of
CB&I's Engineering, Construction and Maintenance operating group.
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.
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
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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
For more information, visit www.cbi.com.
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Contact: Media, www.cbi.com; or Investors, Christi Thoms, +1 832 513 1200
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