This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jacobs Selected For Upstream Natural Gas Project In Australia

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been awarded a contract from Santos GLNG Project in Australia to provide support for its coal seam gas field development.

Officials did not disclose the contract value but noted that the duration of the contract is three and a half years, with a one-year extension option.

The Santos GLNG Project is a multi-billion dollar coal seam gas to LNG development in Queensland, Australia. The development is being undertaken by GLNG Operations, a joint venture between Santos, one of Australia’s largest domestic gas producers; and three of the world’s largest energy companies; PETRONAS, Total, and KOGAS.

As an integrated member of Santos GLNG’s team, Jacobs is providing commissioning and start up management support for the transition of facilities into sustainable operations, with a focus on meeting community and environmental requirements.

In making the announcement, Jacobs Group Vice President Tom Quinn stated, “We are very pleased to be providing support for this important phase of the Santos GLNG Project. We look forward to continuing our long and successful relationships with Santos and Total, and to developing longer-term relationships with PETRONAS and KOGAS.”

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 2011 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs