Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

March 08, 2005 07:45 ET

Jacobs Receives BP Ultra Low Sulfur Diesel Contract


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JACOBS ENGINEERING GROUP INC.

NYSE SYMBOL: JEC

MARCH 8, 2005 - 07:45 ET

Jacobs Receives BP Ultra Low Sulfur Diesel Contract

HOUSTON--(CCNMatthews - Mar 8, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it is
providing front-end engineering, design, and procurement services for BP
Cherry Point Refinery's Ultra Low Sulfur Diesel (ULSD) project in
Blaine, Washington. The project, which is an extension of BP's ongoing
program to introduce clean fuels that substantially reduce emissions,
involved evaluating both revamp and grassroots options to determine the
best solution for complying with the Environmental Protection Agency's
(EPA's) new low sulfur diesel regulations.

BP plans to invest over $75 million on new ULSD facilities at their
Cherry Point Refinery with mechanical completion projected for mid-2006.

Jacobs is a leader in helping clients across the globe execute
environmentally sensitive projects aimed at emissions and sulfur
reduction. For North American refiners, Jacobs helps clients meet
mandatory EPA regulations for ULSD by focusing on the business drivers
surrounding ULSD and, based on each refiner's unique facility
configuration, helping determine the lowest capital investment required
to maintain a competitive position.

In making the announcement, Jacobs Group Vice President Peter Evans
stated, "We are excited about this second consecutive major capital
project award by BP Cherry Point and the opportunity to further expand
our relationship with this refinery. Our team plans to build on the
successes of the recently completed clean gasoline project."

Jacobs, with over 35,000 employees and revenues approaching $5.0
billion, provides technical, professional, and construction services
globally.

Any statements made in this release that are not based on historical
fact are forward-looking statements. 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 Item 7 -- Management's Discussion and Analysis of Financial Condition
and Results of Operations contained in the Company's 2004 Annual Report
on Form 10-K.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992