Jacobs Receives Contract from Shell in Hong Kong
April 09 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has
been selected by Shell Hong Kong Limited to provide detailed design
for its Transformer Oil Project located at its Tsing Yi
installation in Hong Kong.
Officials did not disclose the contract value, but noted that
the work is being performed from Jacobs’ China operations in Hong
Kong and Shanghai.
Under the terms of the contract, Jacobs is providing detailed
design engineering services for modifications to Shell’s existing
terminal facility to enable the processing of transformer oil.
Shell's 47-acre Tsing Yi installation supplies Hong Kong
and Macau with a wide range of oil, gas and chemical
products.
Jacobs Group Vice President Tom Quinn stated, “We are pleased to
bring our oil and gas experience to this project, and to extend our
global relationship with Shell in Hong Kong. Jacobs’ long-term
relationship with Shell enables us to share best practices across
their projects and geographies, and we look forward to leveraging
these strengths to continue delivering value on this project and
throughout the region.”
Shell is a global group of energy and petrochemicals companies
operating in more than 80 countries and territories. Shell Hong
Kong Limited is involved in a wide range of businesses,
including retail, LPG, commercial fuel, lubricants, bitumen,
aviation, marine and chemicals.
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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