DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC), in a joint venture with
Monadelphous Group Limited has received a letter of intent from Oil
Search Limited to enter into a new proposed five year contract to
provide engineering, procurement and construction (EPC) services for oil
and gas production facilities in the Highlands of Papua New Guinea (PNG).
The joint venture is expected to provide a wide range of brownfield
project services, including engineering, procurement, civil, mechanical
and electrical works on pipelines, utilities, facilities and supporting
infrastructure.
“We expect to contribute significant value to this strategically
important project by leveraging our previous experience in providing
engineering services to Oil Search in Papua New Guinea,” said Jacobs
Senior Vice President Andrew Berryman. “In particular, we recognize a
key focus is to increase the efficiency of Oil Search’s brownfield
project program through optimised constructability input during the
design phase.”
Monadelphous Group Limited (ASX: MND) is a leading Australian
engineering group providing construction, maintenance and industrial
services to the resources, energy and infrastructure sectors. For
further information, visit www.monadelphous.com.au.
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. For more information, visit www.jacobs.com.
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 Form 10-K for the year
ended September 30, 2016, 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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Source: Jacobs Engineering Group Inc