Jacobs Receives Contract from Shell Canada Energy
PASADENA, Calif., May 22, 2012 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it received a five-year contract from Shell Canada Energy to provide main mechanical maintenance services to its Canadian operations, including the Scotford Upgrader and Manufacturing facilities near Fort Saskatchewan, Alberta; Corunna Refinery near Sarnia, Ontario; and Albian Jackpine and Muskeg River Mines near Fort McMurray, Alberta.
Officials did not disclose the contract value.
Under the terms of the contract, Jacobs is performing mechanical maintenance, including small capital project construction and turnaround activities.
Jacobs has been working with Shell for over 75 years and currently provides services for it on a global basis in more than 40 locations around the world. In Canada, Jacobs has been providing industrial services for Shell at Sarnia since 1952, Scotford since 1984 and Albian since 2001. Combined, there are more than 700 maintenance personnel on these sites.
In making this announcement, Jacobs Group Vice President Chip Mitchell stated, "We are thrilled to collaborate with Shell in support of its journey to best-in-class facility performance. Recognizing the importance of safety and effective maintenance and turnarounds on its business, we are working together to continuously deliver value-added service. We have a long and successful history with Shell, a relationship that we hope to continue for many years to come."
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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