CB&I Awarded Technology and FEED Contracts for Delayed Coker Unit

THE WOODLANDS, Texas, March 16, 2015 /PRNewswire/ -- CB&I CBI today announced it has been awarded contracts by Naftna Industrija Srbije for the technology license and front end engineering design of a delayed coker unit in Pancevo, Serbia.

The project scope includes an extensive process planning study for the refinery, which will evaluate how to best integrate the delayed coker with the refinery's existing CB&I fluid catalytic cracking unit and Chevron Lummus Global hydrocracker. Chevron Lummus Global is a joint venture between CB&I and Chevron.

"By leveraging CB&I's technologies and front end engineering design capabilities, this award demonstrates our ability to provide integrated services and products," said Daniel McCarthy, President of CB&I's Technology operating group. "It also builds on our proven expertise and comprehensive experience in delivering solutions to our customers in the refining industry."

About CB&I

CB&I CBI is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2014, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

For more information, visit www.cbi.com

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SOURCE CB&I

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