Jacobs Selected by BP as Strategic Supplier
Continuing to Provide Services Worldwide for Downstream Business
PASADENA, Calif., 12/18/2014 –(BUSINESS WIRE)– Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been selected by BP to continue its role as Strategic Supplier of mid-cap work on a global basis.
Company officials did not disclose the contract value, but noted that it replaces Jacobs’ previous contract that has been in place since 2002.
The new contract includes two multi-year regional framework agreements, under which Jacobs is providing engineering, procurement and construction management services as well as personnel on loan at BP’s refinery, petrochemical and terminal sites globally. Jacobs supports this work from its offices in the U.K., U.S., Netherlands, Germany, Belgium, South Africa and Australia; bringing technical expertise, a depth of global resources to support BP around the world; plus deep knowledge of BP’s facilities, practices, and business objectives.
In making the announcement, Jacobs Executive Vice President Gary Mandel stated, “We are very pleased to continue our long history of supporting BP’s downstream business through these new professional services regional framework agreements. We look forward to working with BP to achieve safe, reliable and profitable operations globally.”
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 2014 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.