Feb 6, 2018   SOURCE: BusinessWire

Shell Extends Jacobs’ Mechanical Maintenance and Turnarounds Contract in Alberta

Jacobs Engineering Group Inc. (NYSE:JEC) received a five-year contract renewal from Shell Canada Limited to provide mechanical maintenance and turnaround services on the company’s Scotford site located in Fort Saskatchewan, Alberta, Canada. Employing approximately 300 full-time personnel on the site, Jacobs will continue to provide mechanical maintenance and turnaround services for the full facility.

“Jacobs has been safely delivering mechanical maintenance and turnaround solutions to Shell at their Scotford site for three and half decades,” said Jacobs Construction, Maintenance and Turnarounds Senior Vice President and General Manager Stephen Hillier. “As we begin this five-year renewal contract, we will continue to innovate and support the successful operations at Scotford and help provide employment opportunities to the Fort Saskatchewan community.”

This contract award builds on Jacobs momentum of securing several significant maintenance and turnarounds contracts in North America this past year; including a three-year contract to execute maintenance, turnarounds and small capital construction at five sites for a multinational fertilizer company; two five-year multiple use contracts to support four petroleum facilities; a five-year mechanical maintenance contract extension for a synthetic crude oil producer; a four-year contract extension to provide maintenance, product handling and packaging services for a specialty chemicals company; a four-year contract to perform small capital construction for seven chemical plants; and a five-year contract to deliver small capital construction, ongoing maintenance and turnaround execution at a production facility.

Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in combined revenue and a talent force more than 74,000 strong, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com.

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 Form 10-K for the year ended September 29, 2017, 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.