Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

August 23, 2005 07:45 ET

Jacobs Receives Contract from Total

PASADENA, Calif.--(CCNMatthews - Aug 23, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company has signed an engineering partnership with Total E&P the Netherlands to provide engineering services for Total's offshore gas production facilities on the Dutch sector of the European Continental Shelf.

Officials did not disclose the contract value.

Under the five-year partnership agreement, Jacobs is working closely with Total E&P NL to define, develop, and support the execution of offshore projects. The companies will perform the work from Total's office in Den Helder, the Netherlands.

In making the announcement, Jacobs Group Vice President Andy Kremer stated, "We have worked as Total's preferred supplier for engineering services since 2001. We are committed to assist and to improve in an efficient manner their safety performance and capital productivity, and this partnership agreement provides an excellent platform for doing so. This step also strengthens our leadership position in the upstream business in the Netherlands."

Jacobs, with over 35,000 employees and revenues exceeding $5.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Item 7 -- Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's 2004 Annual Report on Form 10-K.

Contact Information

  • Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992