Jacobs Receives Contract Extension from Irving Oil
Building on 20-year Relationship with Canada’s Largest Oil Refinery
PASADENA, Calif. -- October 15, 2013
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a
two year extension with two further five year options to provide maintenance
at the Irving Oil Refinery in Saint John, New Brunswick, Canada.
Officials did not disclose the contract value, but noted that Jacobs has been
providing ongoing maintenance services at the facility since 1991, delivering
day-to-day maintenance, turnaround and small capital construction services.
Under the terms of the new contract, in addition to continuing the services
provided in the previous scope of work, Jacobs is supplying and erecting
scaffold materials and providing fabrication services from its Saint John, New
Brunswick fabrication facility.
Irving Oil operates Canada's largest refinery, serving wholesale, commercial
and retail customers throughout Eastern Canada and the Northeastern U.S.
In making the announcement, Jacobs Group Vice President Greg Rumford stated,
“Our 20-year partnership with this client has resulted in a number of
successes including significant milestones in safety. We are pleased to
continue to support Irving Oil and extend our services to help them meet their
long-term facility goals.”
Mark Sherman, General Manager of the Irving Oil Refinery, commented, “We look
forward to continuing our long-standing relationship with Jacobs. We treat
safety as a core value at Irving Oil and it’s a value shared by our partners
on-site. Together, we strive to provide a best-in-class health and safety
environment for all of our team members.”
Jacobs provides maintenance and construction services globally, employing more
than 15,000 craft professionals in 25 countries.
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 2012
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.
Jacobs Engineering Group Inc.
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