CB&I announced it has been awarded a contract valued in excess of $49 million by Oiltanking Beaumont L.P. The project scope includes the engineering, procurement, fabrication and construction of 12 internal floating-roof crude oil storage tanks at Oiltanking's terminal in Beaumont, Texas.

"We currently are finishing crude oil storage tanks for Oiltanking at another project site in Houston," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "This award for this fast-tracked project builds on our long-standing relationship with our customer and their confidence in CB&I's commitment to safety, quality of work and schedule certainty."

About CB&I

CB&I (NYSE: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.

About Oiltanking

Oiltanking is one of the world’s leading independent storage partners for oils, chemicals, gases and dry bulk. Oiltanking owns and operates 75 terminals in 23 countries with a total storage capacity of more than 23.5 million cubic meters. Whether we are providing exceptional storage services, creating profitable outsourcing projects, or engineering successful joint ventures, you will find us wherever there’s a need for creative logistical solutions.