CB&I Receives Award for LNG Facility in Equatorial Guinea.Energy Editors/Business Editors THE WOODLANDS, Texas--(BUSINESS WIRE)--April 6, 2004 CB&I (NYSE NYSE See: New York Stock Exchange :CBI) has been awarded a lump-sum turnkey contract valued in excess of US$60 million to design and construct a 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) storage facility for Marathon Oil Company on Bioko Island in Equatorial Guinea. The facility will store LNG produced by a new 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 plant that Marathon and GEPetrol, the National Oil Company of Equatorial Guinea, plan to construct on the island, which is located about 20 miles (32 kilometers) off the coast of Cameroon in west central Africa. The plant is designed to produce 3.4 million metric tonnes of LNG per year, with a projected start-up in late 2007. Bechtel Corporation is the prime contractor for the overall project. CB&I's work scope for the project encompasses the engineering, procurement and construction  The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. of LNG tankage tankagemade from heat-digested animal abattoir residues without gut contents, hide, horn, hoof. Concentrated and dried and possessing a high biological value protein content of 60%. See also meat meal. with a total capacity of 272,000 cubic meters, including civil and foundation work, tank insulation, in-tank pumps and piping to grade. CB&I's scope also includes the design and construction of nine smaller tanks for miscellaneous storage. The Company is currently on site on Bioko Island constructing three low temperature tanks for 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) storage as part of Marathon's Phase 2B LPG expansion project. In addition, as part of the expansion project CB&I Howe-Baker designed and fabricated a modular cryogenic gas processing plant that was delivered to the island earlier this year and is currently being installed. With a capacity of 870 million standard cubic feet per day (MMSCFD MMSCFD Millions of Standard Cubic Feet per Day (measure of gas produced in a reservoir) ), it is the largest plant of its type ever built by the Company. "We are pleased to continue our association with Marathon as they develop a new LNG source to help meet the growing worldwide demand for natural gas," said 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. . "Our current mobilization on site should allow us to transition our forces seamlessly to this important project." CB&I is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in lump-sum turnkey projects for customers that produce, process, store and distribute the earth's natural resources. With more than 60 locations and 10,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere. Information about CB&I is available at www.CBIepc.com. |
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