CB&I Announces EPC Award for Saudi Aramco Shell Refinery in Saudi Arabia

THE WOODLANDS, Texas, Dec. 7, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF's modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia.

"The relationship between CB&I and SASREF extends back for more than a decade, and we have been collaborating successfully during this time," said Duncan Wigney, CB&I's Executive Vice President of Engineering & Construction. "This award demonstrates CB&I's ability to deliver value to SASREF and our other customers in the Middle East. It also enhances CB&I's position in the region as a leading provider of energy infrastructure solutions, from conceptual design to fabrication to EPC delivery."

CB&I has completed the conceptual design and FEED phases of the project, while working with SASREF to optimize investment on the new refinery configuration. CB&I's integrated solutions will give SASREF the operating flexibility needed to generate maximum returns through sustainable fuels production, which meets Euro V regulations for cleaner emissions.

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com.

About SASREF
SASREF is a joint venture company of Saudi Aramco and Shell, two of the biggest oil and Gas Company in the world SASREF aspires to be the best petroleum refinery company not only in the Kingdom of Saudi Arabia, but also in Asia and Middle East. We are embarking upon a very exciting journey into the future, with aspiring vision to outperform our past best performance in order to meet the growth opportunities that lie ahead. For more info, visit www.SASREF.com.sa

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Investors: Scott Lamb, +1 832 513 1068, [email protected]
Media: Gentry Brann, +1 832 513 1031, [email protected]

SOURCE CB&I

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