PASADENA, Calif., April 10, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a contract from Afipsky Refinery, located in the Krasnodarskij Region of Russia, to develop a basic engineering package for an amine regenerator unit, a sour water stripper and an expected 55 tons per day (TPD) sulfur recovery unit (SRU). All three units are part of a refinery extension project which includes a hydrotreater unit and a visbreaker unit.
Officials did not disclose the contract value.
The SRU design is based on Jacobs' proprietary EUROCLAUS® process and is being executed from Jacobs' office in Leiden, The Netherlands. Jacobs is working closely with the Moscow-based EPC contractor, Giprogazoochistka, who is Russia's leading engineer of gas treating units and SRU's.
A global leader in the design of SRU's, Jacobs has designed approximately 450 units around the world since 1985, including 15 SRU's in Russia and several countries in the former Soviet Union.In making the announcement, Jacobs Group Vice President Robert Matha stated, "We are proud to receive this new contract and look forward to working with Giprogazoochistka to support Afipsky Refinery's important expansion project." 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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