Jacobs Engineering Group Inc. (NYSE:JEC) announced today it has been awarded a contract from Santos, one of Australia’s largest domestic gas producers, to deliver the concept development study for its Cooper Gas Growth (CGG) satellite developments in South Australia.
Officials did not disclose the contract value.
The satellite developments are an integral component of Santos’ CGG program, which involves major expansion of existing upstream operations, including the Moomba gas fields and processing facilities in South Australia.
Under the terms of the contract, Jacobs is providing study management and engineering and design services. The study is focusing on design standardization and modularization that are expected to deliver long term benefits regarding the operational flexibility and reliability of the facilities.In making the announcement, Jacobs Group Vice President Tom Quinn stated, “Jacobs has a long and successful working relationship with Santos in Australia. This contract continues our 30 year relationship, and we are delighted to support them in delivering upstream services for the Cooper Basin.” 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 2012 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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