PASADENA, Calif., June 12, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it has been awarded an In-Kingdom engineering, procurement and construction management (EPCM) contract for three polyethylene trains for Sadara Chemical Company (Sadara), a joint venture between Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Company (Dow).
Officials did not disclose the terms of the agreement.
Jacobs' scope of work for the project includes construction management, field engineering support, and management of Lump Sum Procure Build (LSPB) construction contractors, field materials management, In-Kingdom procurement services and project services support for the three polyethylene trains. The execution of this project is being performed by Jacobs' office in Al Khobar, Saudi Arabia.
This award is part of a world scale, fully integrated chemicals complex now being built by Sadara in Jubail Industrial City in Saudi Arabia. Comprised of 26 manufacturing units, the complex will be one of the world's largest integrated chemical facilities, and the largest ever built in a single phase. First production units are expected to come on line in the second half of 2015, with all units up and running in 2016.
In making the announcement, Jacobs Group Vice President Mike Coyle stated, "We are delighted to be a part of the Sadara project. This project supports Jacobs' long-term commitment to clients in the Middle East."
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 2011 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.
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SOURCE Jacobs Engineering Group Inc.