CB&I (CBI) Receives Contract to Supply Cryogenic Nat Gas Processing Plant in Peru

March 3, 2010 7:35 AM EST
CB&I (NYSE: CBI) has been awarded a contract to supply a cryogenic natural gas processing plant in Malvinas, Peru, as part of an expansion of the Camisea gas project. CB&I's contract, valued in excess of US$45 million, is with Pluspetrol Peru Corporation S.A. as operator and contract administrator, acting on behalf of the licensees.

CB&I will be responsible for the engineering, procurement and modular fabrication of a cryogenic unit designed to process 520 million standard cubic feet per day of gas. The unit, which is scheduled for completion later this year, will treat gas extracted from the Pagoreni field, separating the natural gas liquids out of the gas stream.

CB&I has been involved in the Camisea project since its inception, having supplied four cryogenic plants at Malvinas, as well as a fractionation and topping plant at Pisco, and the associated refrigerated and atmospheric storage tanks on the site.

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