CB&I announced the contract award for the project located just south of the Milwaukee metropolitan area in a statement on Tuesday.
The project scope includes the engineering, procurement, fabrication, and construction (EPFC) of one full-containment 2.0 Bcf LNG tank with in-tank pumps, topsides, and piping to grade.
CB&I said the new LNG tank will be built at the same facility where it completed North America’s first LNG peak shaving facility in 1965.
The firm did not provide the contract price.
“We are pleased to continue a strong working relationship with We Energies after the successful completion and operation of their Bluff Creek and Ixonia LNG tank projects,” said Brian Goedken, CB&I’s vice president of operations.
“Oak Creek LNG is a critical infrastructure project in the growing region of southeastern Wisconsin that will ensure supply reliability and efficiency during peak energy demand,” Goedken said.
In 2024, Houston-based McDermott completed the sale of its CB&I storage business to a consortium of financial investors led by New York-based Mason Capital Management.
The consortium of financial investors led by Mason Capital Management includes IES Holdings, Nut Tree Capital Management, 683 Capital Management, First Pacific Advisors, and other investors.