Jacobs ZATE Awarded General Engineering Services (GES) Contract by the Saudi Rabigh Refining and Petrochemical Company

PASADENA, Calif., May 12 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that its local subsidiary in Saudi Arabia, Jacobs ZATE, has been awarded a General Engineering Services (GES) contract by the Rabigh Refining and Petrochemical Company (Petro Rabigh) for its $15 billion facility.

Officials estimate the potential value of the one-year contract at $1.5 million.

Petro Rabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, is the largest integrated oil refinery and petrochemical production facility ever built at one time. It is located in the Red Sea port of Rabigh, around 165 km north of Jeddah on the west coast of Saudi Arabia. The petrochemical complex can produce 18.4 million tons per year (mpta) of petroleum-based products and 2.4 mpta of ethylene and propylene-based derivatives.

Jacobs ZATE will provide mechanical, electrical, civil, chemical engineering for Refinery and Petrochemical, drafting-related services, management-related services, and any other engineering services required by the facility.

In making the announcement, Jacobs President and Chief Executive Officer Craig Martin stated, "Jacobs has had a presence in the Middle East for many years, serving the Oil & Gas, Infrastructure, and Buildings sectors. This contract renews our commitment in the Middle East and to provide world-class services to our clients in the region."

In March 2008, Jacobs acquired a 60 percent stake in the Saudi Arabian firm of Zamel & Turbag Consulting Engineers (ZATE), now known as Jacobs ZATE. The combination of ZATE with Jacobs' existing operations in the The Kingdom of Saudi Arabia resulted in a staff of more than 500 in the Middle East.

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.

SOURCE Jacobs Engineering Group Inc.



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