Jacobs Joint Venture, JESA, Awarded Contract From OCP

PASADENA, Calif., Dec. 10, 2010 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that Jacobs Engineering SA (JESA), the company's joint venture with OCP S.A (OCP), has been selected to provide engineering, procurement and construction management (EPCM) services for OCP's latest Diammonium Phosphate (DAP) and Monoammonium Phosphate (MAP) production plant, to be constructed in Jorf Lasfar, Morocco.

Officials did not disclose the terms of the agreement.

Under the agreement, JESA's scope of work includes management, procurement and administration (in part or in full) of the design and construction of the first of four new plants. The plant, which is part of a major OCP investment program to expand its production capacity of DAP and MAP, is expected to be commissioned in July 2013. This investment program involves the construction of four identical new production DAP and MAP plants to be built and commissioned in six month intervals between July 2013 and July 2015.

JESA is equally owned by OCP and Jacobs. Jacobs and OCP entered into the joint venture in 2010. JESA represents a powerful combination of engineering, project management and construction management resources, and provides services to industrial projects both in Morocco and internationally.

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 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 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.