Press Release Jun 17, 2008

Jacobs Receives EPC Contract From Suncor Energy

<>PASADENA, Calif., June 17, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide detailed engineering, procurement, and construction (EPC) services for Suncor Energy's Voyageur Upgrader near Fort McMurray, Alberta, Canada.

 

Officials did not disclose the contract value.

Jacobs will provide EPC services for the sulfur complex of the Suncor Voyageur Upgrader, which is a key component of Suncor's plan to achieve a targeted production capacity of 550,000 barrels of oil per day by 2012. The Voyageur Upgrader will upgrade bitumen primarily from the Firebag in-situ site.

The new sulfur complex includes two sour water stripper units, one amine unit, three sulfur recovery trains, sulfur degassing, an LT SCOT tail gas treating unit, and a sulfur truck loading terminal. Jacobs will also perform the pipe fabrication and module assembly work at their Edmonton, Alberta, facilities.

Jacobs has been a Suncor Supplier of Choice since 2001, performing engineering for the multi-billion dollar Firebag in-situ program and previously completing the EDS phase of the sulfur complex portion of the Voyageur Upgrader Project.

In making the announcement, Jacobs Group Vice President Chip Mitchell stated, "We are pleased to build on our extensive engineering and procurement work on the Firebag facilities and expand our services to bring added value to Suncor, delivering the total EPC package for their pace-setting Voyageur project."

Jacobs, with over 55,000 employees and revenues exceeding $9.0 billion, provides technical, professional, and construction services globally.

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 2007 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.

For additional information contact:
Mary Bloom
626.578.6992

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SOURCE Jacobs Engineering Group Inc.

http://www.jacobs.com