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|Jacobs Receives Contract from Shell Downstream Supply & Distribution to Support European Capital Program in Storage & Handling|
PASADENA, Calif., Nov. 8, 2011 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Shell Downstream Distribution to provide project management and engineering services for Shell's European Program. The contract involves program assets in Austria, the Netherlands, Germany, Luxemburg, Turkey, Italy, Denmark, Norway and the United Kingdom.
The three-year framework agreement has an optional two-year extension. Contract value is confidential. Jacobs' office in Ghent, Belgium is leading the program work, working closely with Jacobs' offices in Cologne, Germany; Milan, Italy; Stenungsund, Sweden; Glasgow, Scotland; and Mumbai, India.
Jacobs is supporting Shell in managing its Regional Capital Program through the engineering procurement and construction management (EPCM) model for identified projects. Jacobs is also managing Shell's asset or project information and documents for all terminal facilities across the region.
In making the announcement, Jacobs Group Vice President Robert Matha stated, "Jacobs and Shell have a decades-long relationship across Europe. We are very enthusiastic to enhance and sustain our partnership with this important asset management contract."
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 2010 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.
SOURCE Jacobs Engineering Group Inc.