Jacobs Receives Contract From Indian Oil Corporation Ltd. for Paradip Refinery

PASADENA, Calif., July 14 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Indian Oil Corporation Ltd. (IOCL) to provide project management consultancy (PMC) services for a delayed coker unit (DCU) at its Paradip refinery in the State of Orissa. IOCL's Paradip refinery is a 15 MMTPA facility.

Officials did not disclose the contract value. The total installed cost of a DCU is estimated at US $350 million.

Jacobs will perform front-end engineering and design services, and supervise the resulting lump sum turnkey (LSTK) contractors whose work includes the installation of a 4.1 MMTPA DCU with associated facilities at IOCL's Paradip refinery.

In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are delighted to continue working with IOCL to ensure that its facilities continue to meet customers' expectations for high-quality products."

Indian Oil Corporation Ltd. is currently India's largest company by sales with a turnover of US $60 billion. Indian Oil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing.

Jacobs, with annual revenues exceeding $12 billion, 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 2008 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

SOURCE Jacobs Engineering Group Inc.



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