Jacobs Awarded Construction Management Contract from North West Redwater Partnership
October 28 2014 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
received a contract to provide construction management services for
North West Redwater Partnership’s Sturgeon Refinery project in
Alberta, Canada.
Officials did not disclose the contract value, but noted that
Jacobs is already providing engineering and procurement services
for the utilities requirements of the refinery under a separate
contract.
Located approximately 30 miles northeast of Edmonton, the
Sturgeon Refinery is being designed to enhance cost effectiveness
and minimize environmental impact. Although only Phase 1 is
sanctioned at this time, eventually the facility is expected to
operate at a capacity of 150,000 barrels per day; producing diesel,
diluent and other bitumen products for national and global
markets.
In making the announcement, Jacobs Group Vice President Greg
Rumford stated, “We are pleased to strengthen our relationship with
North West Redwater Partnership by providing construction
management services as well as engineering and procurement services
on this significant project. Our integrated approach to providing
multiple services enables us to add value and drive efficiency as
we help North West Redwater Partnership meet its business
objectives at the Sturgeon Refinery.”
North West Redwater Partnership is a joint venture between North
West Upgrading Inc. and Canadian Natural Resources Limited, a
partnership that aims to build and operate a world class bitumen
refinery with the vision of providing quality bitumen products in a
responsible and sustainable manner.
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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