PASADENA, Calif., June 2 /PRNewswire-FirstCall/ -- Jacobs Engineering Group, Inc. (NYSE: JEC) announced today that it is expanding its role to include construction management (CM) services for the Whiting Refinery Modernization Project for BP Products North America Inc. in Whiting, Ind. This expands Jacobs' current role, which includes engineering, procurement (EP), and fabrication.
Officials did not disclose the contract value.
The Whiting modernization program will equip the refinery to process more Canadian heavy crude oil and increase motor fuel production. Jacobs' portion of the program focuses on the sulfur recovery complex, which includes multiple new sulfur recovery units, tail gas units, amines units and sour water strippers in addition to significant modifications to existing units, utilities and control systems.
Jacobs is executing engineering, procurement, and construction management services out of its Baton Rouge office, and its fabrication services out of its Charleston, S.C., modular shop.
In making the announcement, Jacobs Group Vice President James Stewart stated, "We are delighted to have the opportunity to provide additional value to BP with the addition of the CM scope to our EP and fabrication services. This approach will improve the efficiency of project execution and help lower the project's overall costs."
Jacobs, with annual revenues exceeding $12 billion, 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 2008 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:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.
Web Site: http://www.jacobs.com