CB&I Awarded Storage Tank Contract in Mississippi.

THE WOODLANDS, Texas -- CB&I (NYSE: CBI) has been awarded a contract by the Harrison County Utility Authority in Mississippi for the engineering, fabrication and construction of seven elevated water storage tanks. The project is an important part of the Mississippi Gulf Region Water and Wastewater Plan to rebuild and storm-proof water and wastewater infrastructure impacted by Hurricane Katrina. Work is scheduled to be completed in 2011.

"We are pleased to utilize our expertise to help ensure clean and readily available water supplies for Harrison County residents as part of the hurricane recovery effort," said Philip K. Asherman, President and CEO. "A project awarded by a single customer for seven elevated tanks in one contract is uncommon and demonstrates our leadership in the industry and our reputation for meeting the highest standards of quality and dependability."

About CB&I

CB&I combines proven process technology with global capabilities in engineering, procurement and construction to deliver comprehensive solutions to customers in the energy and natural resource industries. With more than 70 proprietary licensed technologies and 1,500 patents and patent applications, CB&I is uniquely positioned to take projects from conceptual design, through technology licensing, engineering and construction and final commissioning. Drawing upon the global expertise and local knowledge of approximately 18,000 employees in more than 80 locations, CB&I safely and reliably executes projects worldwide. For more information visit www.CBI.com. If you would like to be added to CB&I's news release email distribution list, click here.