Jacobs Awarded Five-Year Contract from Shell for European Partnership
PASADENA, Calif., Aug. 14, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it was awarded a five-year enterprise frame agreement (EFA) from Shell Global Solutions International B.V. ("Shell") to provide engineering and project management services (EPMS) to Shell's European downstream assets.
The contract is noted to have the options to be renewed for an additional five years and/or to be extended to other Shell businesses such as upstream, and beyond Europe to the Middle East and Africa. Under the EFA, Jacobs will provide services ranging from feasibility studies and small plant modifications to discrete projects for Shell's major refining and chemical sites in Pernis, The Netherlands, and Rhineland, Germany.
In making the announcement, Jacobs Group Vice President Robert Matha stated, "We are extremely proud to be selected for this important program of work for Shell. It builds on Jacobs' decades-long partnership with Shell in Europe and provides a new level of growth and maturity for our relationship. We look forward to supporting Shell's goals for continuous improvement in the safe delivery of high-quality projects."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2011 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.
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