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Jacobs Engineering Awarded Delayed Coker Unit Project in India

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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."

Source: http://www.jacobs.com/

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