03-15-2017

Parsons Signs Framework Agreement with Shell to Provide Engineering, Procurement, and Construction Services

PASADENA, CA (March 15, 2017) – Parsons has signed a global framework agreement to provide engineering, procurement, technical, and construction services to Shell spanning its refining and chemical projects and across its upstream and midstream businesses. Parsons will deliver a full-spectrum of services from concept and scoping, to design, construction, and start-up.

“We are pleased to sign this framework agreement with Shell, and we look forward to making a step-change in capital project delivery efficiency through our unique multi-industry perspective along with an alternative project delivery mentality to our projects, driving performance, efficiency, quality, and value,” said Michael Johnson, Parsons Group President.

Collaborations like these reflect a new operational and contract approach in the oil and gas industry. EPC supplier partnerships focus on safety, quality, and operational efficiency by utilizing data-centric technology. Parsons’ ability to safely provide cost-effective, turnkey solutions for global organizations, combined with state-of-the-art technologies and best practices are crucial for providing sustainable solutions on time and within budget.

Parsons (NYSE: PSN) is a leading provider of technology-driven solutions focused on the defense, intelligence, and critical infrastructure markets. Celebrating 75 years of operations, Parsons provides technical design and engineering services and software products to address our customers' challenges. Parsons has differentiated capabilities in cybersecurity, intelligence, missile defense, space, connected communities, physical infrastructure, and mobility solutions. Parsons' combination of talented professionals and advanced technology enables a safer, smarter, and more interconnected world. For more about Parsons, please visit www.parsons.com, and follow us on Facebook, Twitter, LinkedIn, Instagram, and YouTube.
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