Jacobs Announces Oil Sands and Plant Services Contract from Suncor
January 28 2014 - 7:45AM
Business Wire
Building on a 50-Year Relationship
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded an oil sands and plant services contract by Suncor
Energy Services Inc. at its Fort McMurray Base Plant located
approximately 270 miles northeast of Edmonton, Alberta, Canada.
Company officials did not disclose the contract value, but noted
that Jacobs has maintained an excellent safety record at the plant
while participating in seven turnarounds over the last four years.
The duration of the new contract is for two years.
Under the terms of the contract, Jacobs is providing management
and services to support the maintenance of the plant’s process,
which may include mechanical, rotating and operating equipment, as
well as maintenance provisions in the areas of transportation,
insulation, painting, and structural work.
In making the announcement, Jacobs Group Vice President Greg
Rumford stated, “We have provided services to Suncor at their
facilities across Canada for a number of years and are delighted to
further the relationship through this contract at the Fort McMurray
Base Plant. With our maintenance experience and turnarounds safety
record, we look forward to supporting Suncor’s goals for efficient
operations and continuous improvement.”
Suncor is a leading multinational steward of valuable natural
resources and energy provision.
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 2013 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.
Jacobs Engineering Group Inc.Michelle Jones, 626.578.6968
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