Jacobs Receives Contract for New Thermal Oil Facility from a Major Oil and Gas Company

PASADENA, Calif., Nov. 24 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it received a contract from a major oil and gas company for engineering of its thermal facility located near Lac la Biche, Alberta, Canada.

Officials did not disclose the contract value.

Jacobs will perform EDS and detailed engineering and procurement services for the 40,000 barrel-per-day in-situ oil sands central processing facility. Engineering activities will begin in December 2009 with 40 percent or more of the engineering executed from Jacobs' Mumbai, India, office.

In making this announcement, Jacobs Group Vice President Chip Mitchell stated, "We have worked with oil producers to develop economically viable production facilities for more than 30 years, and in that time have completed in excess of 40 heavy oil recovery projects. This major project strengthens our position as a leader in the in-situ industry. We are thrilled to add this facility to our increasing portfolio."

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 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.

For additional information contact:
Michelle Jones
626.578.6968

SOURCE Jacobs Engineering Group Inc.