CB&I Awarded Contract for Further Expansion of Bonny Island LNG Complex in Nigeria.Business/Energy Editors THE WOODLANDS, Texas--(BUSINESS WIRE)--Jan. 6, 2003 Chicago Bridge & Iron Company N.V. (NYSE NYSE See: New York Stock Exchange :CBI) in consortium with Bilfinger Berger AG of Germany have been awarded a contract in excess of US$100 million by the TSKJ group of companies to provide civil and mechanical erection services for Nigeria LNG Ltd.'s (NLNG) Plus Project at its 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. (LNG) complex at Finima on Bonny Island in Rivers State, Nigeria. CB&I will be the mechanical erection contractor for the construction of a fourth LNG production train with a design capacity of 4.0 million tonnes per year, one of the largest capacity units in the world. CB&I's excellent worldwide safety record, well proven QA/QC QA/QC Quality Assurance/Quality Control Management Systems, its ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 Quality Management Program and Environmental Procedures, which are established in accordance with ISO 14001 guidelines, were instrumental in receiving the award. CB&I's scope includes structural, piping and mechanical erection of Train 4 and the new area Offsite Works. Bilfinger Berger AG will perform the civil work for Train 4. CB&I will mobilize on site in early 2003 and expects to complete the project in the spring of 2005. This latest contract is a follow-on award for CB&I, which is currently nearing completion of a major project for TSKJ on Bonny Island involving the engineering and construction of three liquefied gas storage tanks, two smaller tanks and associated foundations and civil works. This work, awarded in December 1999, is an integral portion of NLNG's Expansion Project, consisting of a third LNG train, liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. (LPG) facilities, storage and a jetty. Gerald M. Glenn, CB&I's Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We are pleased to have been selected once again by TSKJ for the further expansion of Nigeria's LNG production capacity. This award demonstrates TSKJ's continuing confidence in our ability to execute complex technical projects, and further solidifies CB&I's position as one of the world's leading providers of LNG liquefaction liquefaction, change of a substance from the solid or the gaseous state to the liquid state. Since the different states of matter correspond to different amounts of energy of the molecules making up the substance, energy in the form of heat must either be supplied to and storage facilities." TSKJ is the EPC contractor for the NLNG Expansion and Plus Projects and is a joint venture of engineering and construction companies Technip-Coflexip, Snamprogetti, KBR and JGC Corporation. Nigeria LNG Ltd. is a joint venture whose shareholders include Nigerian National Petroleum Corporation The Nigerian National Petroleum Corporation (NNPC) , sometimes known as the Nigerian National Petroleum Company, is the state oil corporation through which the federal government of Nigeria regulates and participates in the country's petroleum industry. , Shell Gas B.V., TotalFinaElf LNG Nigeria Limited and Agip International. CB&I is a global specialty engineering and construction company offering a complete package of design, engineering, fabrication, construction and maintenance services. Our products include hydrocarbon processing plants, LNG terminals and peak shaving plants, bulk liquid terminals, water storage and treatment facilities, and other steel structures and their associated systems. Information about CB&I is available at www.chicagobridge.com. |
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