Jacobs Joint Venture Awarded Shell ONEgas Contract Extension
February 13 2014 - 7:45AM
Business Wire
Providing Long-Term Support to Major Upstream
Assets in the North Sea
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that
its AJS joint venture with AMEC and Stork has secured a contract
extension to continue providing integrated services to the Shell
ONEgas Southern North Sea (SNS) asset base.
Company officials did not disclose the contract value but noted
that it includes a base period of five years, plus a further
five-year option period.
Shell ONEgas is a combined business unit of Shell UK Exploration
& Production (Shell) and the Nederlandse Aardolie Maatschappij
B.V. (NAM).
Under the terms of the contract, AJS is providing integrated
engineering and project management services for maintenance,
modifications and capital projects. The work is executed offshore
on 54 assets in the Southern North Sea, and onshore at gas plants
in Bacton in the UK and Den Helder in the Netherlands.
Approximately 1,250 personnel are employed by the joint venture
across the assets, and from office locations in Great Yarmouth, UK,
and Leiden, Netherlands. Working as an integrated team, the AJS
joint venture has successfully delivered multiple services for
Shell ONEgas since 2003.
In making the announcement, Jacobs Group Vice President Mark
Bello said, “We are pleased to deliver value to this significant
asset base. The contract extension builds on our long-term
relationship with Shell and NAM in Europe; and we are delighted to
work with our joint venture partners to provide excellent and safe
services that drive continuous business improvements for
ONEgas.”
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 2013 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.
Jacobs Engineering Group Inc.Michelle Jones626.578.6968
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