Jacobs Awarded Contract for Sadara

PASADENA, Calif., Nov. 8, 2011 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded an engineering, procurement and construction management (EPCM) contract for the Chemicals 1 Envelope of Sadara Chemical Company, a joint venture under formation between affiliates of The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco).

Officials did not disclose the terms of the agreement, however noted that the work is being performed by Jacobs' offices in Manchester, UK; Mumbai, India and Al Khobar, Saudi Arabia.

Under the terms of the contact, Jacobs is providing front end engineering design (FEED) and detailed engineering services, in addition to procurement, inspection and delivery of equipment and bulk materials, as well as the overall construction management.

This award is part of a world scale chemical project being constructed in Jubail Industrial City in Saudi Arabia. Construction work on the project has already started and is scheduled to be completed by early 2015. Production from the first units is expected to begin in the second half of 2015. The fully integrated complex is planned to consist of 26 chemical manufacturing units and be one of the largest of its kind in the world.

In making the announcement, Jacobs Group Vice President Bob Irvin stated, "We are delighted to be a part of the Sadara project, which strategically brings together the resources of Saudi Aramco and the technologies of Dow."

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 2010 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.

Michelle Jones

626.578.6968

SOURCE Jacobs Engineering Group Inc.