PASADENA, Calif., Dec. 6, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today it has received a
contract from Shell India Markets Private Limited to establish an
integrated organization with Shell Projects & Technology for
its Project Design office in Bangalore,
India.
Officials did not disclose the contract value, however, noted
the contract duration is five years with provision for further
extension.
The integrated project design organization expects to deliver a
full range of engineering and design services for onshore upstream
(oil and gas) and downstream major capital projects, mainly in the
Middle Eastern and Far Eastern regions. The new organization aims
to blend the strong technical and engineering design capability
held by Shell and Jacobs, while optimizing the best work processes
and tools of both companies.
Jacobs Group Vice President Allyn
Taylor stated, "This assignment further advances the long
and successful relationship between our two companies. We are
committed to delivering a high level of service and value to help
Shell continue to excel in the marketplace."
Shell's Projects and Technology organization provides technical
services and technology capability in upstream and downstream
activities and manages the delivery of major projects for Shell
around the world, as well as supporting Shell's interests in
India.
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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For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.