Jacobs (in Joint Venture) Receives Contract Extension from Shell ONEgas for Long-Term Services Program in the North Sea

PASADENA, Calif., April 19 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a three-year extension to the existing 200 million euros per year Integrated Services Contract (ISC) for Shell ONEgas Southern North Sea Asset Base. This extension is due to continued exceptional performance in driving business improvements.

Shell ONEgas is a combined business unit of Shell UK Exploration & Production (Shell) and the Nederlandse Aardolie Maatschappij B.V. (NAM).

The joint venture of AMEC, Jacobs, and Stork Industry Services ("AJS") has been delivering multiple services to ONEgas under the ISC since 2003.

The work is executed onshore at gas plants in Bacton in the UK and Den Helder in The Netherlands, and offshore on 54 assets in the Southern North Sea. Up to 1,000 personnel are employed by AJS across three main locations: Great Yarmouth, England and Amsterdam and Assen in The Netherlands.  

Jacobs will continue to provide project management and engineering services under the ISC. Their work is executed in the AJS office in Amsterdam, The Netherlands.  

In making the announcement, Group Vice President Robert Matha said, "We are proud that our excellent performance within the AJS joint venture to drive business improvements has earned a high level of confidence from Shell ONEgas. Shell is a core Jacobs' client and this level of collaboration and success with AMEC and Stork strengthens our relationship."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements.  Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)

SOURCE Jacobs Engineering Group Inc.

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