Jacobs Receives Engineering Services Contract from IOT Infrastructure & Energy Services for Delayed Coker Unit in Guwahati, India

PASADENA, Calif., Aug 24, 2010 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from IOT Infrastructure & Energy Services Limited (IOT) (formerly Indian Oiltanking) to provide engineering services for Indian Oil Corporation Ltd.'s (IOCL) Delayed Coker Unit (DCU) project. The DCU will be built at IOCL's Guwahati, refinery in Assam, India.

Officials did not disclose the contract value, however they indicated that the total installed cost of the project is estimated at US$60 million. IOT is executing this contract on an EPC basis for the Owner, IOCL. Jacobs will perform engineering and design services from their offices in India.

In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are delighted to continue our working relationship with IOT as their engineering provider for process industry projects and we look forward to helping them meet IOCL's expectations for high-quality products."

Indian Oil Corporation Ltd. is currently India's largest company by sales with a turnover of US$60 Billion. IOCL is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing. IOT Infrastructure & Energy Services Limited, founded in 1996, is a joint venture between Indian Oil Corporation Limited and Oiltanking GmbH.

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 2009 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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For additional information contact:

               Michelle Jones

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SOURCE Jacobs Engineering Group Inc.