CB&I Announces New Projects Increasing First Quarter Backlog.THE WOODLANDS, Texas -- CB&I (NYSE NYSE See: New York Stock Exchange :CBI) announced today three new contracts that will add approximately US$130 million to the company's backlog. Each contract was booked during the first quarter of 2007. Heavy Crude Project: Heavy Crude Project: Frontier El Dorado Refining Company has awarded a lump-sum turnkey project to CB&I, valued in excess of US$45 million, to upgrade the delayed coker unit at its El Dorado, Kansas El Dorado is a city situated along the Walnut River in the central part of Butler County, located in south-central Kansas, in the central United States. The population was estimated to be 12,659 in the year 2005. refinery. The project will enable Frontier to modernize to the latest delayed coking technology and give it the ability to run a significantly higher proportion of heavy crude oil Heavy crude oil or Extra Heavy oil is any type of crude oil which does not flow easily. It is a relative term, compared to light crude oil, but relates to specific technical issues of its own on production, transportation, and refining. . Oil Sands Terminal Project: Suncor Energy Services Inc. has selected CB&I to design and build a turnkey storage terminal near Fort McMurray, Alberta Fort McMurray, is a community in the Regional Municipality of Wood Buffalo, in the northeastern part of Alberta, Canada. Although it is commonly referred to and thought of as being a city, Fort McMurray is not incorporated. , Canada as part of an expansion of Suncor's oil sands upgrading capacity. CB&I's full scope of work consists of the engineering, procurement, fabrication and construction of a 10-tank facility, with the initial phase of the contract valued in excess of US$40 million. Middle East Petrochemical Storage Project: CB&I has been awarded a lump-sum turnkey contract, valued in excess of US$40 million, to design and construct two double-wall tanks at Saudi Kayan Petrochemical Company's new olefins facility in Al-Jubail, Kingdom of Saudi Arabia. CB&I's work scope includes engineering, procurement, fabrication, construction and pre-commissioning of a 60,000 cubic meter double-wall ethylene storage tank, a 30,000 cubic meter double-wall propylene storage tank and associated piping, electrical and instrumentation works. CB&I also announced that its contract to build two liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. tanks at the proposed Bear Head LNG terminal at Port Hawkesbury, Nova Scotia Port Hawkesbury (2006 population 3,922) is a town located on the southwestern end of Cape Breton Island, on the north shore of the Strait of Canso, in the has been cancelled by Anadarko Petroleum Corporation. Anadarko announced in February that it was in the process of mothballing Mothballing The preservation of a production facility without using it to produce. Machinery in a mothballed facility is kept in working order so that production may be restored quickly if needed. the project. This will not have a material impact on CB&I's financial results. CB&I executes more than 500 projects each year and is one of the world's leading engineering, procurement and construction |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion