Jacobs Consultancy Receives Contract for Refinery Upgrade Project

Jacobs Engineering Group Inc. subsidiary, Jacobs Consultancy UK Ltd., has received a contract from Slavneft-Yanos to provide consulting support for a strategic development program at a 300,000 barrels per stream day refinery in Yaroslavl, Russia.

Slavneft-Yanos, co-owned by TNK-BP and "Gazpromneft," plans to upgrade this major refining facility by converting the residue into high-value products that meet European specifications.

TNK-BP, one of the leading privately owned oil companies in the world in terms of crude oil production, is a vertically-integrated oil company with a diversified upstream and downstream portfolio in Russia and the Ukraine. It was formed in 2003 by the historic merger of BP's Russian oil and gas assets and those of Alfa Access Renova group. TNK-BP owns 50 percent of Slavneft. The other 50 percent is owned by Gazpromneft, also a leading vertically-integrated Russian oil company which ranks among the largest companies in the world. The Company was established in 1992 as a joint stock company "Siberian Oil Company," and in 2006 it was renamed as Gazpromneft.

The consulting work will be executed by Jacobs Consultancy's office in Marble Arch, United Kingdom, supported by inhouse process experts from Houston, Texas.

In making the announcement, Jacobs Group Vice President Greg Landry said, "We are extremely pleased to help Slavneft-Yanos strategically evaluate the Yaroslavl refinery and establish the development program for this important asset. This is Jacobs' first contract for a downstream client in Russia. The project is in line with our strategy to continue expanding our Eastern Europe presence in the dynamic hydrocarbon sector."

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Posted 22/08/07

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