Jacobs Receives Contract for Sulfur Recovery Unit From Saudi Aramco

PASADENA, Calif., March 2 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, to develop a basic engineering package for four sulfur recovery units, each with an expected production capacity of 1,200 tpd.

This new, four-train sulfur plant will be part of the Wasit Gas Development Program in the Kingdom. Jacobs has designed over 350 sulfur recovery units since 1985, and they will license its proprietary EUROCLAUS®, and sulfur degassing technology for the project. The project will be executed from Jacobs office in Calgary, Alberta, Canada.

Saudi Aramco's Wasit Gas Development Program will provide for the production and processing of up to 2.5 billion standard cubic feet per day of gas from the Aribiyah and Hasbah offshore non-associated sour gas fields. This investment involves building gas processing plants, two offshore gas platforms, one tie-in platform, subsea power and communication links and pipelines.

In making the announcement, Jacobs Group Vice President Robert Matha stated, "We are pleased to receive this new contract. It underscores the high level of confidence we have earned from Saudi Aramco and we look forward to continuing to support their long-term growth. This project also meets our corporate objective to continue expanding Jacobs' presence In-Kingdom."

Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements.  Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

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SOURCE Jacobs Engineering Group Inc.