Jacobs Engineering Group Inc. announced today that it has been awarded a contract from Shell Offshore Inc. (RDS) for its Vito host project in the Gulf of Mexico.
Under the terms of the contract, Jacobs is delivering a front-end engineering and design package and detailed engineering for the Vito host platform topsides. Vito is located in over 4,000 feet of water in the Mississippi Canyon area of the Gulf of Mexico. The Vito host will initially handle production from the Vito subsea field being subsequently developed, with potential for future tiebacks from other fields.
In making the announcement, Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco stated, “We are delighted to continue our long-standing, successful relationship with Shell. This project allows us to leverage our experience with deep-water production systems and will be a new lower cost design basis for Shell.”
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 54,000 people and operates in more than 25 countries around the world.
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 2015 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.
Date: Nov 29, 2016