Jacobs Receives Contract from Nexen Inc.

Oct 19, 2010, 07:45 ET from Jacobs Engineering Group Inc.

PASADENA, Calif., Oct. 19 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a three year, performance based contract from Nexen Inc. for the provision of general maintenance services at the company's Long Lake bitumen production and upgrading facilities in Fort McMurray, Alberta, Canada.  

Officials did not disclose the contract value.  

In making this announcement, Jacobs Group Vice President Chip Mitchell stated, "The award of this contract increases our scope on existing maintenance work at Nexen's Long Lake complex, reinforcing our commitment to working with Nexen to deliver maintenance excellence at their facilities."

Nexen Inc. is a Canada based energy company employing more than 4,000 personnel worldwide with operations in strategic locations around the world, including the North Sea, the Gulf of Mexico, offshore West Africa, Canada and Colombia.  

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.

For additional information contact:

Michelle Jones

626.578.6968

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SOURCE Jacobs Engineering Group Inc.



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