CB&I Announces Storage Tank Award in Abu Dhabi

THE WOODLANDS, Texas, March 1, 2016 /PRNewswire/ -- CB&I CBI today announced it has been awarded a contract for approximately $60 million with Zakum Development Company (ZADCO) for the refurbishment of two crude oil storage tanks on Zirku Island, Abu Dhabi, UAE.

"CB&I is pleased to be selected again by ZADCO to refurbish storage tanks on Zirku Island," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "This award builds on our long-standing relationship with ZADCO and underlines CB&I's expertise in storage solutions."

About CB&I
CB&I CBI is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 42,000 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, 2015, 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 (http://www.cbi.com).

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SOURCE CB&I

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