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.
