Jacobs Awarded Gas Plant Infrastructure Project by Storengy UK Ltd.

PASADENA, Calif., March 23 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Storengy UK Ltd. to provide engineering, procurement and construction management (EPCM) services for the above-ground infrastructure associated with the new gas storage facility located in Stublach, in the North West England ceremonial county of Cheshire. Jacobs will design and install new gas compression, gas treatment facilities, a control system and utilities for the project. The work will be executed from Jacobs' office in Manchester.

The overall project at Storengy's Stublach site is expected to expand the natural gas storage capacity up to 400 million cubic meters, making the facility one of the largest in the United Kingdom. Operations at the new facility are scheduled to begin in 2013 with a total investment estimated at pounds Sterling 350 million GBP (approximately $500 million USD).

Storengy is the company of GDF SUEZ dedicated to the underground storage of natural gas.  The company is building or operating all natural gas storage facilities in France (Storengy France), Great Britain (Storengy UK), and Germany (Storengy Deutschland). Storengy is the second-largest natural gas-storage operator in Europe, with working capacity of 11 billion cubic meters.  

Jacobs Group Vice President Allyn Taylor stated, "We are extremely pleased to help Storengy as it continues to meet energy demands in the UK. This project is an opportunity to expand our relationship with Storengy and with the GDF SUEZ Group as they grow their international storage portfolio in an expanding market."

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 2009 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.

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SOURCE Jacobs Engineering Group Inc.