Jacobs Receives Contract from Total.PASADENA, Calif. -- Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :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 Den Helder (dŭn hĕl`dər), city (1994 pop. 61,024), North Holland prov., NW Netherlands, on the North Sea. It is the main base of the Netherlands's navy. , 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 From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations contained in the Company's 2004 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
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