Jacobs Awarded Multiple Contracts from Netherlands Refining Company.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Nov. 13, 2001 Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that a subsidiary company received a letter of intent from the Netherlands Refining Company b.v. (Nerefco) to take over multiple ongoing projects at their oil refinery in The Netherlands. The Nerefco oil refinery (a joint venture between BP and ChevronTexaco) is located in the Europort area in The Netherlands, and has the largest crude oil refining capacity in Europe. Officials did not disclose the contract value. In addition, Jacobs received contracts to provide engineering, design, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , and construction management services for multiple projects at Nerefco's refinery in Rotterdam. These include upgrading the amine amine (əmēn`, ăm`ēn): see under amino group. amine Any of a class of nitrogen-containing organic compounds derived, either in principle or in practice, from ammonia (NH3). and hydrofiner units and clean fuels projects at Nerefco. In making the announcement, Jacobs Group Vice President Robert Clement stated, "These awards are an important step in building our knowledge and experience with Nerefco as well as maintaining a good working relationship with both BP and ChevronTexaco." Jacobs Engineering Group Inc. is one of the world's largest providers of professional technical services. With more than 21,000 home office employees, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of design, construction, and operations & maintenance. Any statements made in this release that are not based on historical fact are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial filed as part of Exhibit 13 to the Company's 2000 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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