CB&I Awarded LNG Contract in Australia.THE WOODLANDS, Texas -- CB&I (NYSE NYSE See: New York Stock Exchange :CBI CBI abbr. cumulative book index CBI Confederation of British Industry CBI n abbr (= Confederation of British Industry) → C.E.O.E. ) announced today it has been awarded a contract valued in excess of US$373 million by Woodside Burrup Pty Ltd., a subsidiary of Woodside Energy Ltd., and sole developer of the Pluto LNG LNG (liquefied natural gas): see under natural gas. Project. The Pluto LNG Project, a 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 facility with a forecasted production of 4.8 million tonnes per annum, is located on the Burrup Peninsula in Western Australia, approximately 20 kilometers (12 miles) northwest of Karratha. The project is expected to be completed in 2010. CB&I's initial scope of work includes the engineering, procurement, construction and pre-commissioning of two 120,000 cubic meter full containment LNG storage tanks, three condensate tanks and associated civil, piping, electrical and instrumentation work. "We are pleased to have been selected for this project which demonstrates Woodside's ongoing confidence in our ability to complete projects on schedule and on budget," said Philip K. Asherman, CB&I's 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. . "This award builds on our proven worldwide experience in the LNG industry." About CB&I: CB&I executes more than 500 projects each year and is one of the world's leading engineering, procurement and construction |
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