Bechtel and Jacobs Awarded Proposed Refinery Expansion Project by Motiva

03 August 2006 Houston, TX

Bechtel and Jacobs Awarded Proposed Refinery Expansion Project by Motiva

 
In making the announcement, Bechtel Oil, Gas & Chemicals President Bill Dudley said, “We are delighted to have been selected by Motiva to design and build this important expansion in the refining capacity of the United States. The project is of major importance to all stakeholders—industry as well as community. Its impact will be far reaching and we are committed to building a safe, reliable, state-of-the-art facility.”
 
Jacobs Group Vice President Pete Evans stated, “We are pleased about the opportunity to provide Motiva the proven resources of our two organizations to execute one of the largest refinery expansions ever undertaken in North America.  Our established working relationship and knowledge of the Port Arthur Refinery enables us to develop programs and approaches that are tailored to the unique aspects of this project. We look forward to continuing to be part of the Port Arthur community.”
 
Bechtel is one of the world’s premier engineering, construction, and project management companies. Since its founding in 1898, Bechtel has successfully completed more than 22,000 projects in 140 countries.
 
Jacobs, with over 42,000 employees and revenues approaching $7 billion, provides scientific, technical, professional, and construction services globally.
 
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 2005 Form 10-K, and in particular the discussions contained under Item 1 - Business; Item 3 - Legal Proceedings; and Item 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.

About Bechtel

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.  

Bechtel serves the Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

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