PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it was
awarded a multi-year engineering services agreement by ConocoPhillips
to support the sustaining capital program for the Australia
Pacific LNG facility after its completion. The facility is located
on Curtis Island in Queensland, Australia.
The facility consists of two LNG trains, each capable of producing
4.5Mtpa of LNG. First LNG is expected from Train 1 in mid-2015, with
Train 2 startup expected approximately 6-9 months later. The footprint
of the Curtis Island plant is designed to accommodate future growth,
with the potential to house up to four LNG trains. ConocoPhillips
operates the facility on behalf of Australia Pacific LNG.
Jacobs’ scope of work includes engineering studies, Front-End
Engineering Design (FEED) services, and detail design including
procurement, commissioning and construction support for sustaining
capital and mid-cap projects at the facility over a period of four
years. The agreement has the option to extend for a further four years.
Company officials did not disclose the contract value.
In making the announcement, Jacobs Group Vice President Phil Lory said,
“We are very pleased to continue our strong relationship with
ConocoPhillips and deliver this landmark program in Australia. This
sustaining capital agreement supports our client focused, long term
project program strategy in Australia, and we look forward to leveraging
our global capability to support ConocoPhillips and the Australia
Pacific LNG team in their goal to maintain a safe, efficient LNG
facility.”
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.
Source: Jacobs Engineering Group Inc.