Jacobs Receives Contract from Chevron in South Africa
November 11 2014 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been awarded a multi-year contract from Chevron South Africa to
provide Engineering, Procurement and Construction Management
services (EPCM) as well as loaned personnel. This contract replaces
the previous contract that has been in place since 2004.
Company officials did not disclose the contract value.
Under the terms of the contract, Jacobs is continuing to provide
personnel to the Chevron Cape Town Refinery. In addition, Chevron
South Africa gains access to the worldwide network of Jacobs
offices to provide EPCM services, led by Jacobs’ Cape Town
operations. As part of the contract, Jacobs is supporting Chevron
in its goal to improve its capital project performance, monitored
by a multi-year performance improvement plan.
In making the announcement, Jacobs Group Vice President Mark
Bello stated, “We are very pleased to continue our long history of
supporting the Cape Town Refinery through this new professional
services Master Agreement. We look forward to working with Chevron
toward achieving a safe, reliable and profitable operation.”
Jacobs is one of the world's largest and most diverse providers
of technical professional and construction services. In South
Africa, Jacobs operates as Jacobs Matasis (Pty) Ltd., a company
jointly owned by Jacobs Engineering Group and Matasis Investment
Holdings.
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 Jones, 626-578-6968
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jul 2023 to Jul 2024