CB&I Wins Contract for Offshore Project in Norwegian Sea

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CB&I (NYSE: CBI) announced today that it has been awarded a project valued inexcess of US$180 million by HYUNDAI Heavy Industries Co., Ltd. (HHI).CB&I's scope of work, which will commence in the first quarter, includesdetailed engineering design and procurement services for the spar topside thatis part of Statoil's Aasta Hansteen field development project off the coast ofNorway.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 aday and storing 160,000 barrels of condensate.

27% profit every 20 days?

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