PASADENA, Calif., June 12, 2012 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today it has been awarded an
In-Kingdom engineering, procurement and construction management
(EPCM) contract for three polyethylene trains for Sadara Chemical
Company (Sadara), a joint venture between Saudi Arabian Oil Company
(Saudi Aramco) and The Dow Chemical Company (Dow).
Officials did not disclose the terms of the agreement.
Jacobs' scope of work for the project includes construction
management, field engineering support, and management of Lump Sum
Procure Build (LSPB) construction contractors, field materials
management, In-Kingdom procurement services and project services
support for the three polyethylene trains. The execution of this
project is being performed by Jacobs' office in Al Khobar,
Saudi Arabia.
This award is part of a world scale, fully integrated chemicals
complex now being built by Sadara in Jubail Industrial City in
Saudi Arabia. Comprised of 26
manufacturing units, the complex will be one of the world's largest
integrated chemical facilities, and the largest ever built in a
single phase. First production units are expected to come on line
in the second half of 2015, with all units up and running in
2016.
In making the announcement, Jacobs Group Vice President
Mike Coyle stated, "We are delighted
to be a part of the Sadara project. This project supports
Jacobs' long-term commitment to clients in the Middle East."
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 2011 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.
For additional information contact:
Michelle Jones
626.578.6968
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SOURCE Jacobs Engineering Group Inc.