Jacobs Receives Contract from Abu Dhabi Oil Refining Company (Takreer)

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from Abu Dhabi Oil Refining Company (Takreer) for front end engineering and design (FEED) services for the Waste Heat Recovery Project at the general utilities plant (GUP) at Ruwais Refinery. The GUP, with a capacity of generating 650 megawatts of power and producing 14 million imperial gallons a day (MIGD) of water, serves the Ruwais Industrial Area and the residential complex located on the Arabian Gulf coast, approximately 240 kilometers from the city of Abu Dhabi.

Jacobs has been contracted to provide FEED services that focus on improving efficiency at the GUP to enhance power generation and water production, while reducing adverse environmental impacts. The additional power and water is expected to cater to the increased demand resulting from the on-going expansion of the Ruwais Industrial Area and residential complex.

In making the announcement, Jacobs Senior Vice President Mark Bello stated, “We are delighted to expand on our relationship with Takreer at the Ruwais Refinery and provide FEED services for the GUP. Our strength in front end project delivery combined with our team’s proven performance in power and water generation supports Takreer in the growth of this refinery.”

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 2014 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.

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Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Robin Shermer, 817.735.6284