Jacobs Receives Contract from Shell in Australia
March 05 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today
that it has been selected by the Shell Company of Australia
Ltd. for its Clyde Terminal Conversion Project in Sydney,
Australia.
Officials did not disclose the contract value, but noted that
the work is being performed from Jacobs’ Australian operations in
Melbourne and Sydney.
Under the terms of the contract, Jacobs is initially providing a
Basic Design and Engineering Package (BDEP) to convert the Clyde
Refinery and associated satellite Gore Bay Terminal into a
competitive product import terminal. Subject to subsequent
approval, Jacobs is also expected to provide Engineering,
Procurement and Construction Management (EPCm) services in the
delivery phase of the project.
In making the announcement, Jacobs Group Vice President Tom
Quinn stated, “We are delighted to bring our local and global
terminal experience to this critical project. This contract
continues our relationship with Shell in Australia, where we have
successfully implemented clean fuels upgrades at Shell’s Geelong
and Clyde refineries.”
The Clyde Terminal Conversion Project involves extensive
upgrades, refurbishment and re-use of the existing crude and
product tankage that supplies truck loading and pipeline operations
helping to service Sydney airport and Shell’s distribution of fuels
into the New South Wales market from Parramatta Terminal.
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 2012 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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