CB&I Awarded Contract for the South Caucasus Pipeline Expansion Project PR Newswire 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. 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. 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. For more information, visit www.cbi.com. Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO SOURCE CB&I Website: http://www.cbi.com Contact: Media, www.cbi.com; or Investors, Christi Thoms, +1 832 513 1200
CB&I Awarded Contract for the South Caucasus Pipeline Expansion Project
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