AECOM signs framework agreement to provide infrastructure services to Shell
LOS ANGELES (Sept. 20, 2016) — AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, announced today that it has signed a framework agreement with Shell regarding delivery of enabling infrastructure works (EIW) across major global projects. The types of project elements that AECOM could deliver under this program include roads, rail, airstrips, marine structures, power, telecommunications, water and sewerage systems, as well as offices, warehouses and workforce accommodation.
The EIW agreement is part of Shell’s new approach, which fosters close integration between select, specialist infrastructure providers and Shell’s oil & gas contractors, enabling accelerated infrastructure delivery and increased participation from the local supply chain. Such agreements are at the forefront of an emerging market trend, which recognizes the pivotal role of infrastructure works in the smooth and successful delivery of capital-intensive mega projects.
“This is the exciting next stage in the evolution of our relationship with Shell,” said AECOM’s Chairman and Chief Executive Officer Michael S. Burke. “We offer unsurpassed global expertise in the planning, design and delivery of vital infrastructure for the oil & gas sector, with a unique ability to deliver this critical infrastructure in an integrated way. Both AECOM and Shell share a strong culture of safety, which is key to delivering work on this scale.”
AECOM’s ability to tailor a range and scale of services for large, global organizations, such as those in energy, chemicals and extractive industries is a differentiating factor for its success. As a global company, AECOM has a presence in more than 150 countries, with 92,000 employees around the world. The ability to deliver global best practices at a local level is essential to the EIW framework.
AECOM is built to deliver a better world. We design, build, finance and operate infrastructure assets for governments, businesses and organizations in more than 150 countries. As a fully integrated firm, we connect knowledge and experience across our global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, our work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $18 billion during fiscal year 2015. See how we deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including statements relating to the length, scope, delivery and costs associated with the Shell EIW framework as well as future economic and industry conditions. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2016, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statements.
Vice President, Global External Communications