Courtesy: MarketWatch
THE WOODLANDS, Texas, Jan 18, 2012 — CB&I announced today that it has been awarded a contract, valued in excess of US$750 million, by Imperial Oil Resources Ventures Ltd. for work on the Kearl Expansion Project in Alberta, Canada.
CB&I’s work scope on the expansion project includes the engineering, procurement, module assembly and construction of a second bitumen extraction plant, froth tank farms, multiple storage tanks, and six froth settling units.
“This award builds on our EPC contract for the Kearl Initial Development project, which we began work on in early 2008,” said Philip K. Asherman, President and CEO. “We are very pleased to be awarded the expansion contract. We believe this reflects the client’s confidence in our capabilities and the quality of work we have provided on the project to date.”
