Chicago Bridge & Iron to Construct Tankage for Nigeria LNG Expansion Project.Business Editors PLAINFIELD, Ill.--(BUSINESS WIRE)--Dec. 16, 1999 Chicago Bridge & Iron Company N.V. (NYSE NYSE See: New York Stock Exchange & ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : CBI) has received notification of contract award from the TSKJ group of companies for the engineering and construction of liquefied gas storage tanks for the Nigeria LNG Ltd. (NLNG) Expansion Project at Bonny Island, Nigeria. Contract value is expected to exceed US$100 million. TSKJ is a joint venture of engineering and construction companies Technip, Snamprogetti, Kellogg Brown & Root and JGC. Nigeria LNG Ltd. is a joint venture of the 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., Elf Cleag Ltd. and Agip International B.V. CB&I's work scope includes the engineering and construction of one full containment 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) tank, two double-wall 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) tanks, two smaller tanks and the associated foundations and civil works. The work is an integral portion of the NLNG Expansion Project, consisting of a third LNG train, a Fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun) 1. in radiology, division of the total dose of radiation into small doses administered at intervals. 2. Unit and Liquid Stabilization units. The project is located within the existing NLNG 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 complex on Bonny Island, Nigeria. The complex produces LNG for export to customers worldwide. Engineering and material procurement for the project will begin immediately, with final completion expected in mid-2003. "Chicago Bridge & Iron is pleased to have been chosen by TSKJ for this critical component of the NLNG Expansion Project," said CB&I Chairman and CEO Gerald Glenn. "Our substantial experience in low temperature and cryogenic storage terminals, as well as our remote project execution ability, will enable us to add value to this project from engineering through construction to final commissioning. The Bonny Island job represents a major milestone in CB&I's near-term strategy to capitalize on our vast LNG knowledge and experience to target, pursue and win a significant share of the many large-scale liquefied gas projects under development worldwide." CB&I is a global engineering and construction company specializing in the design and engineering, fabrication, field erection and repair of bulk liquid terminals, steel tanks, pressure vessels, low temperature and cryogenic storage facilities and other steel plate structures and their associated systems. Information about Chicago Bridge & Iron is available from the Company's Web site at www.chicagobridge.com. |
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