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Jacobs Receives Contract from Shell in Hong Kong
Expanding Delivery of Oil and Gas Expertise in Asia
PASADENA, Calif.–(BUSINESS WIRE)– Jacobs Engineering Group Inc. (NYS: JEC) announced today it has been selected by Shell Hong Kong Limited to provide detailed design for its Transformer Oil Project located at its Tsing Yi installation in Hong Kong.
Officials did not disclose the contract value, but noted that the work is being performed from Jacobs’ China operations in Hong Kong and Shanghai.
Under the terms of the contract, Jacobs is providing detailed design engineering services for modifications to Shell’s existing terminal facility to enable the processing of transformer oil. Shell’s 47-acre Tsing Yi installation supplies Hong Kong and Macau with a wide range of oil, gas and chemical products.
Jacobs Group Vice President Tom Quinn stated, “We are pleased to bring our oil and gas experience to this project, and to extend our global relationship with Shell in Hong Kong. Jacobs’ long-term relationship with Shell enables us to share best practices across their projects and geographies, and we look forward to leveraging these strengths to continue delivering value on this project and throughout the region.”
Shell is a global group of energy and petrochemicals companies operating in more than 80 countries and territories. Shell Hong Kong Limited is involved in a wide range of businesses, including retail, LPG, commercial fuel, lubricants, bitumen, aviation, marine and chemicals.
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 2012 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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