Jacobs Receives Contract from Chennai Petroleum Corporation Limited for Manali Refinery

abarrelfullabarrelfull wrote on 05 Apr 2012 08:33

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May 4, 2010

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has received a contract from Chennai Petroleum Corporation Limited (CPCL) to provide project management consultancy (PMC) and engineering, procurement, construction management (EPCM) services for the Resid Upgradation Project of CPCL at their Manali facilities in Chennai, India. The project involves a delayed coker unit (DCU), a once through hydrocracker revamp, a sulfur recovery unit, a green field coke yard facility, and utilities.

Officials did not disclose the contract value. The total installed cost of the DCU is estimated at about U.S. $650 million.

Chennai Petroleum is a group company of Indian Oil Corporation. Indian Oil Corporation Ltd. is currently India's largest company by sales. Indian Oil is also the highest ranked Indian company in the prestigious Fortune Magazine 'Global 500' listing.

Jacobs' scope of work includes process packages for the utility and offsite facilities, a detailed feasibility report, PMC services for execution of coker block and sulfur block and EPCM services for the balance of the project.

In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are delighted to work on this project for CPCL and assist them as they strive to satisfy their clients' expectations for high quality products."

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