Jacobs Wins General Engineering Services Contract for SATORP in Saudi Arabia
By Business Wire News
By Business Wire News
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.
Jacobs Engineering Group Inc.
Robin Shermer, 817-735-6284