Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received an amendment from Saudi Aramco for its general engineering services (GES) contract.
While officials did not disclose the contract value, the five-year extension builds on the framework of the original contract signed in 2011. Services include engineering, procurement and construction management services associated with Saudi Aramco's capital program. The services are being led by the Jacobs ZATE operation in Al-Khobar, Saudi Arabia.
The contract extension aligns with Saudi Aramco's In-Kingdom Total Value Add program, which is designed to drive additional domestic value creation for Saudi Arabia through local employment, innovation, skills development and improved global competitiveness.
In making the announcement, Jacobs Senior Vice President Oil & Gas Bassim Shebaro stated, 'We're delighted by the opportunity to continue our close relationship with Saudi Aramco through this GES contract extension, and in doing so support local industry.
'We are proud of the Jacobs ZATE operation. We've made a strong commitment to this country and look forward to working closely with our clients and partners, including Saudi Aramco, to contribute to Saudi Arabia's Vision 2030.'