Jacobs Receives Two-Year Contract from Canaport LNG

PASADENA, Calif., March 9 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a two-year contract from Canaport LNG for the provision of maintenance and related services at the company's LNG Terminal in Saint John, New Brunswick, Canada.

Officials did not disclose the contract value.

Delivering services under a performance based KPI (Key Performance Indicator) program, Jacobs will perform preventative, predictive, corrective and regulatory maintenance activities at the site.

Canaport LNG is a state of the art liquefied natural gas (LNG) receiving and regasification terminal in Saint John – the first in Canada.  Supplying natural gas to Canadian and American markets, Canaport LNG has maximum send-out capacity of 1.2 billion cubic feet (BCF) or 28 million cubic meters of natural gas per day.

Canaport LNG is a limited partnership between Repsol (75%) and Fort Reliance (25%) with Canaport LNG acting as developer, owner and operator of the facility.

In making this announcement, Jacobs Group Vice President Chip Mitchell stated, "This contract is a strategic step in strengthening our presence in the Maritimes region of Canada and diversifying our strengths across a number of strategic energy markets.  We welcome the opportunity to leverage our entire organization to deliver innovative solutions to meet Canaport LNG's goals and objectives."

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.