Portfolio of Projects Supporting Tailings Management Strategy
PASADENA, Calif., July 10, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a five-year contract from Shell Canada Energy for front end engineering design, engineering, procurement, construction support, commissioning support and related services for the Jackpine Mine Tailings and Infrastructure Program. The Jackpine Mine is one of two mines at Shell's Albian Sands site near Fort McMurray, Alberta, Canada.
Officials did not disclose the contract value.
Jacobs is delivering a portfolio of projects involving conceptual engineering of new technologies to consolidate tailings and meet environmental requirements.
In making the announcement, Jacobs Group Vice President Chip Mitchell stated, "We are delighted to build on our previous success with Shell at the Albian Sands site and extend our services into environmental projects at the Jackpine Mine. Our strength in portfolio management combined with our team's proven performance on tailings projects supports Shell in the responsible development of their oil sands assets."
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 2011 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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