PASADENA, Calif., Dec. 6, 2011 /PRNewswire via COMTEX/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it has received a contract from Shell India Markets Private Limited to establish an integrated organization with Shell Projects & Technology for its Project Design office in Bangalore, India.
Officials did not disclose the contract value, however, noted the contract duration is five years with provision for further extension.
The integrated project design organization expects to deliver a full range of engineering and design services for onshore upstream (oil and gas) and downstream major capital projects, mainly in the Middle Eastern and Far Eastern regions. The new organization aims to blend the strong technical and engineering design capability held by Shell and Jacobs, while optimizing the best work processes and tools of both companies.
Jacobs Group Vice President Allyn Taylor stated, "This assignment further advances the long and successful relationship between our two companies. We are committed to delivering a high level of service and value to help Shell continue to excel in the marketplace."
Shell's Projects and Technology organization provides technical services and technology capability in upstream and downstream activities and manages the delivery of major projects for Shell around the world, as well as supporting Shell's interests in India.
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.
For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.