Contributing Key Capital Project Development Expertise
PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that, after a
competitive process, its Consultancy business was awarded a contract by
the Department
of Energy and Climate Change (DECC), a department of the United
Kingdom Government, to provide technical advisory services to DECC’s
Office of Carbon Capture & Storage (OCCS). DECC has developed one of the
most comprehensive programs in the world to support creation of a new
carbon capture and storage (CCS) industry to help mitigate climate
change.
Company officials did not disclose the contract value, but noted that
the two-year contract is being delivered from its London operations.
Under the terms of the contract, Jacobs is providing an assessment of
the agreed deliverables from two developers of full chain CCS projects
as technical advisor to support the delivery of the CCS
Commercialization Program. The scope involves review of key technical
aspects of the projects, including design deliverables, project risks
and their mitigation, methodology for quantification of clean energy
production, as well as advice on the development of the project
contracts with the developers, preparation of the bid evaluation
criteria and technical support for evaluation of the bids. The two
projects include the Peterhead Project in Aberdeenshire and the White
Rose Project in Yorkshire.
The UK CCS Commercialization Program has $1.55 billion (£1 billion)
capital funding available to support the practical experience in the
design, construction and operation of commercial-scale CCS.
In making the announcement, Jacobs Group Vice President Bob Duff stated,
“We are thrilled to work with the DECC team to support the delivery of
the CCS Commercialization Program. We look forward to contributing our
capital project development expertise and relevant industry knowledge to
this important program.”
DECC works to make sure the UK has secure, clean, affordable energy
supplies, and to promote international action to mitigate climate change.
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 2014 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.
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Source: Jacobs Engineering Group Inc.