Jacobs Awarded Construction Management Contract from North West Redwater Partnership

10/28/2014

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract to provide construction management services for North West Redwater Partnership’s Sturgeon Refinery project in Alberta, Canada.

Officials did not disclose the contract value, but noted that Jacobs is already providing engineering and procurement services for the utilities requirements of the refinery under a separate contract.

Located approximately 30 miles northeast of Edmonton, the Sturgeon Refinery is being designed to enhance cost effectiveness and minimize environmental impact. Although only Phase 1 is sanctioned at this time, eventually the facility is expected to operate at a capacity of 150,000 barrels per day; producing diesel, diluent and other bitumen products for national and global markets.

In making the announcement, Jacobs Group Vice President Greg Rumford stated, “We are pleased to strengthen our relationship with North West Redwater Partnership by providing construction management services as well as engineering and procurement services on this significant project. Our integrated approach to providing multiple services enables us to add value and drive efficiency as we help North West Redwater Partnership meet its business objectives at the Sturgeon Refinery.”

North West Redwater Partnership is a joint venture between North West Upgrading Inc. and Canadian Natural Resources Limited, a partnership that aims to build and operate a world class bitumen refinery with the vision of providing quality bitumen products in a responsible and sustainable manner.

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 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

Statements 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 caution readers that we do not undertake to update any forward-looking.