Jacobs Receives Engineering Services Contract from IOT Infrastructure & Energy Services for Delayed Coker Unit in Guwahati

Wednesday, Aug 25, 2010

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from IOT Infrastructure & Energy Services Limited (IOT) (formerly Indian Oiltanking) to provide engineering services for Indian Oil Corporation Ltd.'s (IOCL) Delayed Coker Unit (DCU) project. The DCU will be built at IOCL's Guwahati, refinery in Assam, India.

Officials did not disclose the contract value, however they indicated that the total installed cost of the project is estimated at US$60 million. IOT is executing this contract on an EPC basis for the Owner, IOCL. Jacobs will perform engineering and design services from their offices in India.

In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are delighted to continue our working relationship with IOT as their engineering provider for process industry projects and we look forward to helping them meet IOCL's expectations for high-quality products."

Indian Oil Corporation Ltd. is currently India's largest company by sales with a turnover of US$60 Billion. IOCL is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing. IOT Infrastructure & Energy Services Limited, founded in 1996, is a joint venture between Indian Oil Corporation Limited and Oiltanking GmbH.

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Source: Jacobs