Jacobs Awarded FEED Phase of Ras Tanura Refinery Clean Fuels and Aromatics Project
PASADENA, Calif., Aug. 30, 2011 /PRNewswire/ — Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded the second phase of the Ras Tanura Refinery Clean Fuels and Aromatics Project. This award is under the Saudi Aramco General Engineering and Project Management Services (GES+) Contract.
Jacobs is executing the project from its office in al-Khobar, Saudi Arabia.
The scope of services for the Clean Fuels and Aromatics Project includes front end engineering design (FEED) services for both inside battery limits (ISBL) and outside battery limits (OSBL). In addition, the project includes modifications to the refinery to comply with expected future environmental regulations. The Ras Tanura refinery is located in the Eastern Province of Saudi Arabia.
In making the announcement, Jacobs Group Vice President Mike Coyle stated, “We are proud to have successfully attained award of the FEED phase of this project in partnership with Saudi Aramco. We welcome the opportunity to support Saudi Aramco’s production of higher-grade clean fuels.”
Jacobs is one of the world’s largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2010 Form 10-K, and in particular the discussions contained under Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.