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Jacobs Wins Storengy Project Contract

January 6, 2010 (FinancialWire) — Jacobs Engineering Group Inc. (NYSE: JEC) said that it received a contract from Storengy to provide engineering, procurement, and construction management services to upgrade an underground gas-storage facility in Cere-la-Ronde, France.

Officials did not disclose the contract value.

The renovation project is expected by both companies to increase storage capacity at the Cere-la-Ronde site up to 1,200 million cubic meters as well as reduce the facility’s impacts to the environment.

Under the award, Jacobs will design and install new gas compression, double the gas treatment facilities, and upgrade the control system and utilities. The project is scheduled to be implemented over the next two years.

Jacobs has been supporting Storengy’s investment of developing storage sites since 2006 as owner’s engineer.

Storengy is the GDF SUEZ company that is dedicated to the underground storage of natural gas. The company is in charge of all natural gas storage activities in France, Great Britain, and Germany.

California-based Jacobs is a provider of technical, professional, and construction services.

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