CB&I Wins Contract for Offshore Project in Norwegian Sea
CB&I (NYSE: CBI) announced today that it has been awarded a project valued in excess of US$180 million by HYUNDAI Heavy Industries Co., Ltd. (HHI).
CB&I's scope of work, which will commence in the first quarter, includes detailed engineering design and procurement services for the spar topside that is part of Statoil's Aasta Hansteen field development project off the coast of Norway.
When operation begins, the production platform will be the world's largest, capable of producing 812 million cubic feet (23 million cubic meters) of gas a day and storing 160,000 barrels of condensate.
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