CB&I Announces Contract Renewal for Plant Services at Texas Refinery

THE WOODLANDS, Texas, Jan. 26, 2015 /PRNewswire/ -- CB&I CBI today announced it has been awarded a contract renewal valued at approximately $65 million by a leading crude oil refiner for long-term maintenance, small capital construction projects and other industrial services at its facility near the Gulf Coast of Texas.

"CB&I is focused on building sustainable value for our customers through improved reliability and performance," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group. "This contract renewal underscores the confidence our customers place in CB&I's ability to provide real-time operational improvements in an environment where safety is paramount."

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 55,000 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, 2013, 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.

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SOURCE CB&I