Jacobs Joint Venture Awarded Shell ONEgas Contract Extension

PASADENA, Calif.--(BUSINESS WIRE)-- 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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



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