CB&I Wins EPC Contract for Tankage at New Refinery In Oman.Business Editors THE WOODLANDS, Texas--(BUSINESS WIRE)--Nov. 10, 2003 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. ) has been awarded a lump-sum turnkey contract valued at approximately US$50 million for all tankage tankage made 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. at the grassroots Sohar Refinery in Sohar, Oman, approximately 250 km northwest of Muscat. The refinery is owned jointly by the Sultanate of Oman and Oman Oil Company Oman Oil Company (OOC) is a commercial company 100 % owned by the Government of the Sultanate of Oman. The company was created in 1992 to give the Government a vehicle for pursuing investment opportunities in the energy sector both inside and outside Oman. . CB&I's contract is with JGC Corporation, the main EPC contractor for the entire US$1 billion facility. The contract was booked in the third quarter of 2003. CB&I's work scope includes engineering, material supply, fabrication, construction, testing, painting and insulation of 55 miscellaneous storage tanks, 16 spheres and one elevated water storage tank. The project is scheduled for completion by the end of 2005. When finished, the project will provide the refinery with more than 1,000,000 cubic meters of bulk liquid storage and more than 40,000 cubic meters of pressurized pres·sur·ize tr.v. pres·sur·ized, pres·sur·iz·ing, pres·sur·iz·es 1. To maintain normal air pressure in (an enclosure, as an aircraft or submarine). 2. storage for propylene and LPG. The total amount of steel to be used in the project exceeds 25,000 metric tons. "We are very pleased to be working with JGC on this project and continuing our long history of successful project execution together," 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. . CB&I has worked in Oman since the 1970s and has built several large-scale tankage projects, including a 600,000 barrel (approximately 95,000 cubic meter) storage facility in Muscat in 1999 and a 1,000,000 barrel (approximately 159,000 cubic meter) storage facility in Mina al Fahal Mina al Fahal (Arabic: ميناء الفحل) is a coastal area in the northeast of Oman, near to the country's capital, Muscat. in 1993. CB&I is a global specialty engineering, procurement and construction (EPC) company serving customers in several primary end markets, including hydrocarbon exploration, production and refining; natural gas; water; and the energy sector in general. We offer a complete package of design, engineering, fabrication, construction and maintenance services. Our projects include hydrocarbon processing plants, LNG terminals and peak shaving plants, offshore structures, pipelines, bulk liquid terminals, water storage and treatment facilities, and other steel structures and their associated systems. Information about CB&I is available at www.CBIepc.com. |
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