Jacobs Receives Contract From Suncor for Oil Sands Sustainability Project in Canada
Posted on: Tuesday, 10 November 2009, 06:45 CST
PASADENA, Calif., Nov. 10 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it received a contract from Suncor Energy (Suncor) to provide project management, engineering and procurement services to complete the scoping study and Design Basis Memorandum (DBM) for tailings and water transfer projects. These projects are a portion of the Tailings Reduction Operations (TRO) implementation at Suncor's oil sands mining, extraction and upgrading facility located 30 kilometers north of Fort McMurray, Alberta, Canada.
Officials did not disclose the contract value.
TRO is Suncor's new initiative to implement a Mature Fine Tailings (MFT) drying process, which results in the dry material to be reclaimed in place or moved to another location for final reclamation. The process helps achieve a dryer landscape in a shorter period of time and allows for accelerated reclamation timelines, shrinking the environmental footprint of oil sands mining operations.
In making this announcement, Chip Mitchell, Jacobs Group Vice President, stated, "We are pleased to broaden our capability to support this critical sustaining project for Suncor and to be part of its industry-leading efforts on sustainability in the oil sands."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact: Michelle Jones 626.578.6968(Logo: http://www.newscom.com/cgi-bin/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.
Source: PR Newswire
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