Jacobs Wins General Engineering Services Contract for SATORP in Saudi Arabia
May 17 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it
received a two year contract from Saudi Aramco Total Refining and
Petrochemical Company (SATORP) to provide general engineering
services (GES) at SATORP’s Jubail Industrial City II facilities in
Saudi Arabia.
Under the terms of the contract Jacobs is providing a range of
feasibility studies, concept design and detailed engineering design
services for a portfolio of minor capital expenditure projects.
In making the announcement Jacobs Senior Vice President Oil and
Gas Bassim D. Shebaro stated, “We are pleased to receive this
contract, which expands our presence in the Jubail Industrial City
and reinforces our commitment to providing world-class services to
our clients across the region. Our extensive experience in the
provision of similar services in Saudi Arabia and our recently
established local presence in Al Jubail were key factors in helping
us secure this contract.”
SATORP’s 400,000 barrels per day Jubail Refinery is one of the
most advanced refineries in the world, producing a wide variety of
white products from heavy crude oil.
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 2015 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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Jacobs Engineering Group Inc.Robin Shermer, 817-735-6284
Jacobs Engineering (NYSE:JEC)
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