Jacobs Awarded Contract from QGC
November 26 2013 - 7:45AM
Business Wire
Coal Seam Gas Expertise Supports Upstream
Activities in Australia
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has
been awarded a contract from QGC, part of BG Group plc (LSE: BG.L),
a world leader in natural gas. QGC is one of the major proponents
in the rapidly developing coal seam gas (CSG) to liquefied natural
gas (LNG) industry in Australia.
Officials did not disclose the contract value, but noted that
the services are being provided from Jacobs’ Brisbane, Australia
and Denver, Colo., U.S. offices, enabling QGC to leverage the
substantial experience that Jacobs has gained in the U.S. CSG
market.
Under the terms of the contract, Jacobs is performing concept
study and pre-FEED (front-end engineering and design) activities to
support further development of the upstream portion of the project.
Jacobs’ scope of work includes the production well pads that
produce and separate gas and water; the gathering systems that
transport the produced fluids; and the field compressor stations
that form part of the transport system carrying the produced gas to
the LNG production facilities.
These facilities are designed to connect into the existing
infrastructure that transports the CSG to QGC’s LNG plant located
on Curtis Island, near Gladstone in Queensland. The Queensland
Curtis LNG project is anticipated to be the world's first project
to convert CSG into LNG, and to provide cleaner hydrocarbon energy
for export markets from 2014.
Jacobs’ Group Vice President Tom Quinn stated, "We are very
pleased to be working again with QGC, and to be a part of one of
Australia's largest capital infrastructure projects. We look
forward to combining our global CSG experience with our Australian
project delivery capability to support QGC in achieving their
strategic objectives for this critical project."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
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 2013 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.
Jacobs Engineering Group Inc.Michelle Jones626.578.6968
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