February 12, 2010 (FinancialWire) — CB&I (NYSE: CBI) said has been awarded a contract valued at around $50 million by Hyundai Heavy Industries to provide engineering services for the Goliat Floating Production, Storage and Offloading project.

The project, which is owned by Eni and StatoilHydro and operated by Eni Norge, is the first oil development in the Norwegian sector of the Barents Sea.

CB&I’s scope, which includes the detailed engineering for process topside modules, utility modules, flare boom and associated hull interface engineering for the FPSO, is scheduled to be completed in the fourth quarter 2010.

About CB&I

Texas-based CB&I designs, engineers and constructs energy infrastructure projects, providing a range of EPC solutions as well as process technologies. The company has around 17,000 employees worldwide.

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