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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160517005063/en/
Copyright Business Wire 2016
Source: Business Wire
(May 17, 2016 - 7:45 AM EDT)
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