PASADENA, Calif., Jan. 4, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it received a three
year contract from North Atlantic Refining Limited for the
provision of Turnaround and Small Capital Work services at the
company's Refinery in Newfoundland,
Canada.
Officials did not disclose the contract value.
Under the terms of the contract, Jacobs will provide turnaround
planning and execution, including pre-planning and post turnaround
activities, as well as delivery of small capital works at the
site.
In making this announcement, Jacobs Group Vice President
Chip Mitchell stated, "We are
pleased to expand our services in Atlantic Canada. This is both an opportunity
for us to build a long term relationship with North Atlantic
Refining Limited and to demonstrate our commitment to a long term
presence in Newfoundland."
North Atlantic is a wholly owned subsidiary of Harvest
Operations Corp, (Harvest). Harvest, wholly-owned by the Korea
National Oil Corporation, is a significant operator in Canada's energy industry offering exposure to
an integrated structure with upstream (exploration, development and
production of crude oil and natural gas) and downstream (refining
and marketing of distillate, gasoline and fuel oil) segments.
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Although such
statements are based on management's current estimates and
expectations, and currently available competitive, financial, and
economic data, forward-looking statements are inherently
uncertain. We, therefore, caution the reader that there are a
variety of factors that could cause business conditions and results
to differ materially from what is contained in 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 also caution the readers of this release that
we do not undertake to update any forward-looking statements made
herein.
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For additional information
contact:
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Michelle
Jones
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626.578.6968
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SOURCE Jacobs Engineering Group Inc.