Jacobs Announces Oil Sands and Plant Services Contract from Suncor
Building on a 50-Year Relationship
PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded an oil sands and plant services contract by Suncor Energy Services Inc. at its Fort McMurray Base Plant located approximately 270 miles northeast of Edmonton, Alberta, Canada.
Company officials did not disclose the contract value, but noted that Jacobs has maintained an excellent safety record at the plant while participating in seven turnarounds over the last four years. The duration of the new contract is for two years.
Under the terms of the contract, Jacobs is providing management and services to support the maintenance of the plant’s process, which may include mechanical, rotating and operating equipment, as well as maintenance provisions in the areas of transportation, insulation, painting, and structural work.
In making the announcement, Jacobs Group Vice President Greg Rumford stated, “We have provided services to Suncor at their facilities across Canada for a number of years and are delighted to further the relationship through this contract at the Fort McMurray Base Plant. With our maintenance experience and turnarounds safety record, we look forward to supporting Suncor’s goals for efficient operations and continuous improvement.”
Suncor is a leading multinational steward of valuable natural resources and energy provision.
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.