CB&I Announces Kearl Oil Sands Expansion Project Contract; Valued in Excess of $750M

CB&I CBI 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.