Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been selected by Santos, one of Australia’s largest domestic gas producers, to be a member of its panel of contractors for services to its Eastern Australia Business Unit (EABU).
Officials did not disclose the value or duration of the contract, but noted that the services are being provided from Jacobs’ Adelaide, Melbourne and Brisbane offices.
As a member of the panel, Jacobs is providing engineering, design and project management services to Santos for a range of brownfield, environmental and water, flow-line and greenfield projects (excluding major strategic projects) for its oil and gas assets throughout the central and east coast regions of Australia.
In making the announcement, Jacobs Group Vice President Tom Quinn stated, “We are thrilled to have the opportunity to continue our long term relationship with Santos, and to draw on our global upstream experience to deliver high value as a member of this panel.”Jacobs has worked with Santos for more than 30 years on new project implementation, major plant upgrades and ongoing sustaining capital programs. 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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