Jacobs Wins Contract from Shell for Gulf of Mexico Platform
November 29 2016 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been awarded a contract from Shell Offshore Inc. (RDS) for its
Vito host project in the Gulf of Mexico.
Under the terms of the contract, Jacobs is delivering a
front-end engineering and design package and detailed engineering
for the Vito host platform topsides. Vito is located in over
4,000 feet of water in the Mississippi Canyon area of the Gulf
of Mexico. The Vito host will initially handle production from the
Vito subsea field being subsequently developed, with potential for
future tiebacks from other fields.
In making the announcement, Jacobs Senior Vice President
Petroleum and Chemicals Manuel Junco stated, “We are delighted to
continue our long-standing, successful relationship with Shell.
This project allows us to leverage our experience with deep-water
production systems and will be a new lower cost design basis for
Shell.”
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs 54,000 people and operates in more than 25
countries around the world. For more information, visit
www.jacobs.com.
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 2015 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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Jacobs Engineering Group Inc.Salim Rahimi, 214-583-8428
Jacobs Engineering (NYSE:JEC)
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