CB&I Awarded Contract for Oil Sands Storage Terminal Project
Posted on July 29, 2008 – 8:58 pm | by oilandgaspress.com
THE WOODLANDS, Texas–(BUSINESS WIRE)–CB&I (NYSE:CBI), through its Horton CBI business unit, has been awarded an additional US$400 million by Suncor Energy Services Inc. under an existing contract to design and build a storage terminal as part of the Suncor Voyageur Upgrader oil sands project. The original contract was awarded in July 2006 and the total contract value is approximately $500 million.
CB&I’s scope of work includes detailed engineering design, procurement, fabrication, field construction and mechanical installation, including supporting infrastructure. The project, located approximately 25 kilometers northeast of Fort McMurray, Alberta, Canada, is scheduled to be completed in 2011.
About CB&I
CB&I combines proven process technology with global capabilities in engineering, procurement and construction to deliver comprehensive solutions to customers in the energy and natural resource industries. With more than 70 proprietary licensed technologies and 1,500 patents and patent applications, CB&I is uniquely positioned to take projects from conceptual design, through technology licensing, engineering and construction and final commissioning. Drawing upon the global expertise and local knowledge of approximately 18,000 employees in more than 80 locations, CB&I safely and reliably executes projects worldwide. For more information, visit www.CBI.com.
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