ABERDEEN, United Kingdom, Aug. 24, 2026 /PRNewswire/ -- CB&I's Asset Solutions business (formerly part of Petrofac) has been awarded a large* three-year contract in Côte d'Ivoire, for the provision of operations and maintenance services.

Under the terms of the contract**, CB&I will be responsible for the safe operation, maintenance, integrity management and regulatory compliance of a Floating Production, Storage and Offloading (FPSO) vessel offshore Côte d'Ivoire.

Following a structured transition from the incumbent service provider, CB&I will ensure the safe restart and stabilisation of operations; life-of-field asset integrity and reliability; and class certification.

This award is testament to CB&I's technical expertise and track record with FPSO assets, both in Africa and internationally. Through its established presence in Côte d'Ivoire, CB&I has developed a robust in-country supply chain, as well as investing in Ivorian capability development and local content growth.

Sandy Merson, Senior Vice President - Asset Operations for CB&I Asset Solutions, commented: "Over the last few years we have been accelerating our presence across Africa, building on a 20-year presence in the region and our commitment to bolster the local supply chain and build local workforces.

"We look forward to continuing this effort through the provision of safe and efficient production and operations which extend asset life."

*CB&I defines a large contract as between USD $50 million and $100 million.

**In accordance with the customer's standard communications policy, they elected not to be identified in this announcement.

About CB&I

CB&I delivers integrated storage and asset‑management solutions that help customers operate safely, reliably, and efficiently across the lifecycle of their facilities. Through our two global business units - Storage Solutions, the world leader in tanks, terminals, and storage systems, and Asset Solutions, a leading provider of operations, management, wells and decommissioning services - we combine technical excellence with execution capability to extend asset life, optimize performance, and maximize value. CB&I is owned by a consortium of financial investors led by Mason Capital Management LLC. To learn more, visit www.cbi.com.

Forward-Looking Statements

CB&I cautions that statements in this communication that are forward-looking, and provide other than historical information, involve risks, contingencies, and uncertainties. These forward-looking statements include, among other things, statements about the expected timing and execution of projects, and statements that describe our business strategy, outlook, objectives, plans, intentions, or goals. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are based on various underlying assumptions and are subject to numerous risks, contingencies, and uncertainties, many of which are beyond our control, including, among others: adverse changes in the markets in which we operate or in credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope, or timing of contracts, contract cancellations, change orders, and other modifications or actions by our customers and other business counterparties; changes in industry norms or codes or applicable laws; actions by lenders, other creditors, customers, and other business counterparties of CB&I; and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materializes, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of CB&I's management as of the date hereof. Except to the extent required by applicable law, CB&I undertakes no obligation to update or revise any forward-looking statement.

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