Jacobs Renews 5-year Master Site Agreement Contract with BP in The Netherlands

PASADENA, Calif., Feb. 23 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that BP Raffinaderij Rotterdam has renewed their 5-year Master Site Agreement (MSA) to support small projects work at BP's Rotterdam refinery in The Netherlands. The refinery has the largest annual production capacity in Europe – around 400,000 barrels of crude oil a day – and produces a wide range of finished and intermediate products.

Officials did not disclose the contract or investment values.

Under the agreement, Jacobs will provide various engineering, procurement, and construction management (EPCM) services. Jacobs has been providing EPCM services to BP at the Rotterdam site since 2004 under the initial MSA. The work will continue to be performed by Jacobs' office in Leiden, The Netherlands, supported by a site-based team.

In making the announcement, Jacobs Group Vice President Robert Matha stated, "The continuation of our partnership with BP provides new opportunities to improve performance at the Rotterdam refinery. We are committed to support BP's investment needs and we will continue to deliver value-added cost efficiencies."

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.