Jacobs Receives Contract from ExxonMobil Chemical Company

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract from ExxonMobil Chemical Company to provide engineering, procurement and construction services as part of a multi-billion dollar ethane cracker project in ExxonMobil’s Baytown, Texas complex and associated premium product facilities in Mont Belvieu, Texas.

Company officials did not disclose the contract value.

Under the terms of the contract, Jacobs is providing site enabling works and interconnections services for the two sites. Jacobs’ scope of work includes site preparation of 350 acres for the ethane cracker in Baytown and 100 acres for the product facilities in Mont Belvieu.

Jacobs is also working on the interconnectivity of the two sites by integrating into ExxonMobil’s existing facilities a new 1.5 million ton per year ethane steam cracker in Baytown and two new high performance polyethylene lines in Mont Belvieu, with a capacity of 650,000 tons per year. This aspect of the project requires approximately 63,000 feet of pipe to integrate into the existing Baytown facility and 43,000 feet of pipe to integrate into the existing Mont Belvieu facility.

In making the announcement, Jacobs Group Vice President Mike Autrey stated, “Our interface management and integration role is crucial to the success of this expansion project. We are excited to bring our execution skills and experience to support ExxonMobil in this important venture.”

Jacobs is one of the world's largest and most diverse providers of technical professional and construction services. With its historic strength in the chemicals industry and hundreds of major complex construction projects currently underway around the world, Jacobs’ integrated approach to engineering, construction and continued maintenance offers excellent value, quality, and innovation to its clients on the Gulf Coast and in all the geographies in which the company operates.

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 2013 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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Michelle Jones, 626.578.6968