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Petroterminal de Panama Awards US$100 million Contract to CB&I

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Oct 1 2009

THE WOODLANDS, Texas--(BUSINESS WIRE)--CB&I (NYSE: CBI) has been awarded a contract in excess of US$100 million by Petroterminal de Panama, S.A. to engineer, procure and construct the Phase 2 expansion of the Trans-Panama Pipeline facilities.

The work scope includes the design and construction of 5.4 million barrels of crude oil storage and the associated civil, mechanical and electrical work at PTP’s terminal facilities in Chiriqui Grande on Panama’s Atlantic coast, and Puerto Armuelles on the Pacific coast. CB&I, which built the original PTP storage tanks in the late 1970s, was awarded the EPC contract for Phase 1 of the expansion project in May 2008.

Source: https://www.mcdermott.com/CBI-Storage-Solutions/Home

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