Saipem: new contract awarded in joint venture with Clough for a Urea Plant in Australia

The overall contract is worth around 2.4 billion USD. Saipem’s share amounts to approximately 1.2 billion USD

Saipem, leading an equally shared joint venture with Clough, has reached the EPC agreement with Perdaman Chemical and Fertilizers Pty Ltd for the development of the Burrup Urea Project. It consists of a Urea Fertilizer plant to be installed in the Burrup Industrial Area, approximately 20 km North-West of Karratha, on the coastline of Western Australia. The agreement follows the Heads of Agreement signed in July 2020.

The contract is subject to a Full Notice to Proceed to be issued by Perdaman Industries.

The overall contract value is for around 2.4 billion USD and Saipem share amounts to around 1.2 billion USD.

The scope of work includes engineering, supply of equipment and materials, construction, pre-commissioning and commissioning for the execution of a urea fertilizer plant with a capacity of 2.14 million tonnes of urea per annum including a water treatment plant, a power plant (more than 100MW), as well as urea storage, loading and unloading facilities.

The Saipem-Clough Joint Venture will collaborate with Haldor Topsoe, a leading technology provider using its cutting edge SynCOR™ technology to build the world’s largest single-line ammonia plant, while Saipem proprietary Snamprogetti Urea technology will be used for the urea production. This technology combination ensures state of the art ammonia and urea production with low carbon emission and high energy efficiency.

Stefano Cao, Saipem’s CEO, commented: “We have reached an agreement for a strategic EPC contract in Australia. We congratulate Perdaman Industries for the achievement, and we are grateful for the confidence demonstrated towards our Saipem-Clough JV. This project – one of the largest and environmentally efficient urea plants in the world – will strengthen our leadership role in the gas monetization market and will contribute to further diversify our geographical footprint in a Country leading on decarbonization”.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is “One-Company” organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 60 countries worldwide and has 31 thousand employees of 130 different nationalities.

Source: saipem.com

L&T Construction Awarded Contract for its Water & Effluent Treatment Business

The Water and Effluent Treatment business of L&T Construction has secured an EPC order involving Design, Engineering, Supply & Installation of Plant and Equipment to lay 135 km of Slurry Pipeline and Water
Pipeline Systems between Bacheli and Nagarnar and associated facilities in the State of Chhattisgarh.
L&T is already executing a pumping facility as part of another package for the same client in the same area that involves the supply of positive displacement pumps and the construction of a slurry pump house.

Source: corpwebstorage.blob.core.windows.net

Japanese groups win contract to build $1.2bn WTE Dubai plant

Japanese trading house Itochu and engineering company Hitachi Zosen have won the contract to build and operate one of the world’s largest waste-to-energy plants in Dubai, being set up at an investment of 120 billion yen ($1.16 billion), said a report.

The 200MW facility will generate electricity by burning trash from households in the UAE city. It will be able to process about 6,000 tons per day, with an annual capacity of 1.9 million tons, equivalent to roughly half the city’s waste, reported Nikkei Asia.

Once the plant gets completed in 2024, Itochu and HZI will operate it for 35 years.

The plant will produce enough power for 140,000 households, with an efficiency of about 30%, among the highest in the world for this type of facility, stated the report.

As per the deal, Itochu will own 20%, HZI 10% and state-linked Dubai Holding 31%. The remainder will split among three companies.

The project brings together the know-how of two companies with substantial experience in the field for their first joint foray in the Middle East, it added.

Source: tradearabia.com

Saipem to build an Ammonia plant for Haifa Group in Israel

Haifa Group and Saipem have signed a contract worth over 200 million USD for the building of a long-awaited ammonia plant at Mishor Rotem site. The contract was signed during an online ceremony in the presence of Haifa Group CEO, Motti Levin, Haifa Group board member and project leader, Dr. Eli Abramov, and Saipem’s CEO, Stefano Cao, and Saipem’s COO Onshore E&C Division, Maurizio Coratella.

Following an intensive and professional tender lasting two years, Saipem was selected among four candidates for the project after examining all the proposed solutions, technologies, and the bidder’s track record.

Saipem is a global solution provider in energy and infrastructure field and has built many similar plants worldwide utilizing Haldor Topsoe proprietary technology meeting the highest standards in the industry in terms of reliability, efficiency, safety, and environmental protection.

The facility is expected to be built with an investment exceeding 200 million USD to produce around 100,000 tons of ammonia per year, and its construction will take around three years. Saipem scope of work entails engineering, procurement, construction and commissioning for the entire production facility.

The plant will provide a steady, safe and continuous supply of ammonia, which is used as a vital material for the production of potassium nitrate fertilizer, Haifa Group’s flagship product. The company expects to use most of the facility’s production capacity, when the rest will be offered to customers in Israel for the wide range of uses for ammonia.

The construction of the plant is another stage in the implementation of Haifa Group’s expansion and investment plan to double the production capacity of the “Haifa Negev” plant at Mishor Rotem and following a decision of the Israeli Government. This move is expected to create hundreds of new jobs in the Negev and significantly expand the employment market in the region.

Source: saipem.com

Abu Dhabi National Energy Company (Taqa) secures funding to build world’s largest solar power plant

Abu Dhabi National Energy Company (TAQA) – alongside partners Masdar, EDF Renewables and JinkoPower – announced, today, the successful financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project.

The record-breaking project, located approximately 35 kilometers from Abu Dhabi city, will have a capacity of 2 gigawatts (GW) and will supply power to Emirates Water and Electricity Company (EWEC). Once operational, the Al Dhafra Solar PV IPP will be the world’s largest single-site solar power plant, using approximately 4 million solar panels to generate enough electricity for approximately 160,000 homes across the UAE.

Financing for the project will come from seven international banks, following the signing of the power purchase agreement in July 2020. Earlier in the year, the competitive bidding for the project led to one of the most competitive tariffs for solar power, set at AED 4.97 fils/kWh (USD 1.35 cents/kWh), which upon financial closing, was further improved to AED 4.85 fils/kWh (USD 1.32 cents/kWh), primarily driven by hedging and financing cost improvements, in addition to other optimization efforts. TAQA will own 40% of the Al Dhafra project, while the remaining partners – Masdar, EDF Renewables and JinkoPower – will have a 20% stake each.

The plant will deploy the latest in crystalline, bifacial solar technology, which will enable the plant to provide more efficient electricity by capturing solar irradiation from both the front and backside of the panel. Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year, equivalent to removing approximately 470,000 cars from the road.

Commenting on the announcement, Jasim Husain Thabet, Group CEO and Managing Director at TAQA, said: “The financial closing of the world’s largest solar plant marks the beginning of an important chapter for this IPP project, for TAQA Group and for the UAE as we continue to deliver on our bold clean energy ambitions, while demonstrating the commercial and operational viability of utility-scale single-site solar projects. Through this project and many others – such as TAQA’s Noor Abu Dhabi, currently the world’s largest operational solar power plant – we have established the company as a trusted integrated utilities partner that is leading the sector’s transformation in the UAE and beyond. We have an expanded portfolio of power and water assets that we will grow further through a disciplined approach, adding value for our shareholders and delivering a diverse supply of energy for our stakeholders and the communities in which we operate.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar (Abu Dhabi Future Energy Company), said: “We congratulate all the partners on achieving the financial close for this monumental solar power project, which again underlines the growing appeal of renewable energy from both a commercial and environmental perspective, and the attractiveness of the UAE as a location for the world’s largest and most cost-competitive renewable energy projects. Achieving this milestone is a significant step forward in the development of the Al Dhafra project and the realization of the UAE leadership’s vision for a diversified power sector.”

Othman Al Ali, Chief Executive Officer of EWEC, said: “Reaching the financial close for a project of this scale and efficiency marks another milestone in EWEC’s commitment to developing the UAE’s renewable energy sector. Over the past 12 months EWEC has collaborated with international, regional, and local partners during the bidding, negotiation, and financial close for a number of ground-breaking projects: the world’s largest reverse osmosis desalination project at Taweelah, the UAE’s largest and most advanced gas-fired power plant in Fujairah, and now the world’s largest solar power plant at Al Dhafra. These significant achievements are a testament to the integrity of our work, and belief in sustainable and renewable energy as a strategic pillar that will support and drive economic, social, and environmental advancements for future generations. I would like to thank our partners for sharing this collective vision and supporting us as we develop a world leading, highly competitive low-carbon energy sector in the UAE.”

Bruno Bensasson, EDF Group Senior Executive Vice-President Renewable Energies and Chief Executive Officer of EDF Renewables, said: “The Al Dhafra PV project highlights EDF’s full commitment to supporting the UAE National Climate Change Plan. We are using our solar photovoltaic power best expertise to deliver the next generation of solar plants in Abu Dhabi. The achievement of financial close with our partners and the investment community is a major milestone for the project, and we are now looking forward to start the construction phase of the solar plant with the objective of reaching commercial operations in 2022.”

Source: taqa.com

ACCIONA will build its fifth desalination plant in Saudi Arabia for $384 million

The Saudi publicly-owned Corporation Saline Water Conversion Corporation (SWCC) has awarded ACCIONA, and its partner RTCC, the design and construction of the Shuqaiq 1 desalination plant on the Red Sea coast in Saudi Arabia. The contract amount awarded is US $384 million.

The plant, equipped with reverse osmosis technology, will have a daily capacity of 400,000 m3/day. It will help to improve the supply of drinking water and offset water shortages in south-west Saudi Arabia by providing a new source of potable water.

The project includes the marine works, the civil works on the plant, the supply and installation of electromechanical and electrical equipment, start-up and pre- and post-treatment systems the start up and commissioning

The facility, which is expected to be completed in 2023, is ACCIONA´S fifth desalination plant built in the country and the third awarded to the company by SWCC. As Mohamed Sebbane, Head of ACCIONA’s Water Division in Saudi Arabia, says: “Working with SWCC for the third time is an honor and a great satisfaction, and at the same time it is a challenge to continuously improve our delivery”.

ACCIONA has become one of the main water infrastructure companies in one of the areas of the planet that suffers the highest levels of water stress. According to “World Water Development Report 2019”, the Middle East is currently the world region with the severest water shortages. While the average availability of water worldwide is 7,453 m3 per capita per year, in the Middle East this figure falls to 736 m3, according to the latest figures available from Aquastat.

Source: acciona.com

ADNOC Awards Eni and PTTEP Consortium the First Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round

Italy’s Eni and Thailand’s PTTEP awarded exploration concession for Offshore Block 3 and will invest up to AED1.51 billion ($412 million) during the exploration phase

In the event of a commercial discovery, the consortium will have the right to a production concession for a term of up to 35 years

ADNOC continues to leverage and strengthen its strategic partnerships to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources

The Abu Dhabi National Oil Company (ADNOC) announced, today, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi B.V., a wholly-owned subsidiary of Italy’s multinational energy company, Eni, and PTTEP MENA Ltd., a wholly-owned subsidiary of Thailand’s PTT Exploration and Production Public Company Limited (PTTEP).

The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC). It follows ADNOC’s award earlier this month of an onshore block to Occidental, highlighting how ADNOC continues to leverage and strengthen its strategic partnerships to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources.

The exploration concession agreement was signed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO; Claudio Descalzi, CEO of Eni; and Phongsthorn Thavisin, CEO of PTTEP.

H.E. Dr. Al Jaber said: “This concession award reinforces ADNOC and Eni’s growing partnership across our value chain and deepens our relationship with Thailand’s PTTEP, one of the key markets for our crude oil and products. This again validates our targeted approach to value-add partnerships that contribute the right combination of capital, technology, capabilities and market access to accelerate the development of Abu Dhabi’s hydrocarbon resources.

“Despite volatile market conditions, we are making very good progress in delivering Abu Dhabi’s second competitive block bid round, underscoring our world-class resource potential and the UAE’s stable and reliable investment environment. We continue to welcome partners that share our vision to sustainably unlock value from our hydrocarbon resources for our mutual benefit, as we deliver on our 2030 strategy and enable long-term returns to the UAE.”

Under the terms of this agreement, Eni will operate the exploration phase of the concession, and PTTEP and Eni will collectively hold a 100% stake in the exploration phase, investing up to AED1.51 billion ($412 million) towards exploration and appraisal drilling, including a participation fee, to explore for and appraise oil and gas opportunities in Offshore Block 3.

This award underscores the attractiveness of Abu Dhabi’s huge untapped resource potential and ADNOC’s ability to continue to secure foreign direct investment (FDI) to the United Arab Emirates (UAE), despite the tough market environment. Offshore Block 3 offers the potential to create significant in-country value for the UAE over the lifetime of the concession.

Claudio Descalzi said: “This award follows the one achieved by the same consortium in 2019 for offshore exploration Blocks 1 and 2 and represents a further important step towards the realization of Eni’s strategy to become a leading actor in the development and production in Abu Dhabi, a leading region for the oil and gas industry, while contributing through its expertise in exploration to add further resources and exploit all potential synergies with the surrounding fields. It also further strengthen our relationship with our valuable partner PPTEP. Offshore Block 3 represents a challenging opportunity that can unlock significant value thanks to exploration and appraisal of shallow and deep reservoirs”.

Following successful commercial discovery during the exploration phase, Eni and PTTEP will, together, have the right to a production concession to develop and produce such commercial discoveries. ADNOC has the option to hold a 60% stake in the production phase of the concession. The term of the production phase is 35 years from the commencement of the exploration phase.

Phongsthorn Thavisin said: “This concession award offers another great opportunity for PTTEP to strengthen collaboration with world-class strategic partners Eni and ADNOC. The consortium will bring capabilities, experiences and technology to accelerate the development of Offshore Block 3, as well as Offshore Blocks 1 and 2, and lead to a successful discovery. The strategic partnership has been established to jointly contribute to the petroleum development in UAE and be part of the growing industry. Meanwhile, this business progress has also reinforced our presence in the Middle East following the company’s Execute and Expand strategy. Such approach aims to sustainably increase both petroleum reserves and production in the future.”

Offshore Block 3 covers an offshore area of 11,660 square kilometers northwest of Abu Dhabi city. New 3D seismic data has been acquired for a part of the block, which, combined with its proximity to the existing onshore oil and gas fields, suggests the concession area has promising potential.

In addition to drilling exploration and appraisal wells, the exploration phase will see Eni and PTTEP leverage and contribute financially and technically to ADNOC’s mega seismic survey, which is already acquiring seismic data within the block area. This world’s largest 3D seismic survey is deploying industry-leading technologies to capture high-resolution 3D images of the complex geology at ultra-deep locations below the surface and will be used to identify potential hydrocarbon reservoirs.

In January 2019, a consortium led by Eni and PTTEP was awarded two offshore blocks in Abu Dhabi’s first competitive bid round. The consortium continues to explore for oil and gas in the blocks known as Offshore 1 and Offshore 2, located northwest of Abu Dhabi city.

All exploration activities in Abu Dhabi are carefully planned to mitigate any potential impacts through the implementation of protection measures, the use of advanced techniques and technologies, and stakeholder engagement to minimize drilling activities in populated or environmentally sensitive areas.

ADNOC launched Abu Dhabi’s second competitive block bid round in 2019, offering a set of major onshore and offshore blocks, on behalf of the SPC. Based on existing data from detailed petroleum system studies, seismic surveys, exploration and appraisal wells data, estimates suggest the blocks in this second bid round hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas.

This award comes about a month after the SPC announced the discovery of recoverable unconventional oil resources estimated at 22 billion stock tank barrels (STB) and an increase in conventional oil reserves of 2 billion STB which boosted the UAE’s conventional reserves to 107 billion STB.

Source: adnoc.ae

Maire Tecnimont strenghtens its petrochemical business in India with an EPCC contract for an overall value of about USD 255 million

Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont SpA, through its Indian entity Tecnimont Private Limited, has been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of new Acrylic Acid and Butyl Acrylate Units, for the production of relevant high added value products for the chemical market. The units will be located in Dumad, near Vadodara, in the Gujarat state, in India.
The overall value of the contract is about USD  255 million. The project scope entails Engineering, Procurement, Construction and Commissioning activities up to the Performance Guarantees Test Run. Once completed, the new Acrylic Acid Unit will have a capacity of 90,000 tons per year, while the new Butyl Acrylate Unit will have a capacity of 150,000 tons per year. The time schedule is 26 months for Mechanical Completion.

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “After the recent announcement of the MoU with IOCL to support the industrialization of green chemistry and circular economy in India, we consolidate a strategic relationship with such a prominent client also in the petrochemical business. Our technology-driven strategy enabled us once again to seize opportunities in a market with a very promising downstream investment cycle, thanks to the growing demand for petrochemical products. Finally, in sync with the strategic vision of the Government of India aimed at maximizing the “In Country Value”, our Indian entity will execute the job as a single point of responsibility, confirming its strong capabilities in managing big complex projects”.    

Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource processing industry (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition. The Maire Tecnimont Group operates in 45 countries, through 50 companies and about 9,100 people. For further information: www.mairetecnimont.com.

Source: Maire Tecnimont S.p.A.

Aker Solutions Wins Contracts for Both Onshore Plant and Subsea System for Northern Lights CO2 Storage

Aker Solutions has been awarded a contract by Equinor for delivering the new CO2 receiving facilities Northern Lights outside Bergen, Norway. The company has also won a contract from Equinor to deliver the subsea equipment for injecting captured CO2 into a reservoir for permanent storage.

In total, the new contracts have a value of about NOK 1.3 billion. Work will start in January 2021 and the deliveries will be completed within the first part of 2024.

Northern Lights is part of the Norwegian government’s Longship project for establishing full scale CO2 capture, transport and storage facilities in line with the country’s international climate agreements. Aker Solutions has previously been engaged as a subcontractor for the carbon capture and storage (CCS) technology company Aker Carbon Capture in early phase work to plan a CO2 capture facility at Norcem’s cement factory in Brevik, Norway.

The intention for the Longship project is that CO2 captured from the cement manufacturing process in Brevik can be transported by ship to the new receiving terminal in Øygarden outside Bergen. At the receiving terminal, CO2 is stored intermittently before being injected into subsea geological structures via a subsea pipeline. With the new contract for Equinor, Aker Solutions is involved in both the carbon capture and the storage part of this value chain.

“We see that our customers, not the least among the oil and gas operators, are increasingly taking steps to contribute to a significant reduction of climate gas emissions. Aker Solutions’ strategy is to be the supplier that will enable both customers and the society to accelerate the transition to sustainable energy production. This will include solutions for enabling oil and gas production and other industrial processes such a cement manufacturing to operate with minimum emissions, for example by use of carbon capture and storage. Our goal is that low-carbon solutions and renewable business will count for 1/3 of our revenues in 2025, and 2/3 in 2030. Hence, we are very pleased that Equinor has awarded us these strategically important contracts,” said Aker Solutions CEO Kjetel Digre.

The NOK 1.05 billion contract for the onshore facility includes engineering, procurement and construction (EPC). The engineering will be carried out by Aker Solutions in Fornebu, Norway. The work at the site in Øygarden will involve employees from several locations, primarily from Fornebu and Stord. The pre-fabrication for the onshore facilities will be done at Aker Solutions’ yard at Stord before site installation. The scope for the onshore facility includes facilities at the jetty for import of CO2 from ships, storage tanks for intermediate storage of CO2 and process systems for gas conditioning and subsea injection.

The EPC contract for the subsea equipment is awarded as a call-off under the framework agreement signed with Equinor in 2017. The value of this contract is around NOK 250 million. The work will start in January 2021 with installation and completion in 2023. The scope includes delivery of one subsea tree, one wellhead, one flow base, and control systems. The contract also includes options for equipment for future wells. The work will be executed at several Aker Solutions facilities both in Norway and globally.

Aker Solutions expects that around 250 employees will be involved in delivering the onshore and subsea installations. Including ripple effects to subcontractors and others, the new contracts will create work for approximately 1,000 people.

The contract for the onshore plant will be booked as order intake in the fourth quarter of 2020 in the Renewables and Field Development segment. It is expected to be formally signed on January 5, 2021.

The subsea equipment contract will be booked as order intake in the fourth quarter of 2020 in the Subsea segment.

Aker Solutions Wins Hook-Up and Commissioning Assistance Contract for Johan Sverdrup

Aker Solutions has signed a contract to deliver hook-up and commissioning assistance of the P2 processing platform at Equinor’s Johan Sverdrup field offshore Norway.

Onshore preparation work starts immediately. Offshore hook-up work will start in 2022 after the platform has been installed offshore and will commence until production start in the fourth quarter of 2022. The contract has an estimated value of about NOK 500 million.

The Johan Sverdrup field with a total of five offshore platforms is one of the world’s largest oil and gas developments in recent years. Aker Solutions has been involved in all project development stages of Johan Sverdrup Phase 1, including hook-up and commissioning assistance to prepare production start of the first phase in 2019.

Johan Sverdrup fieldThe Johan Sverdrup field

“The productivity in the hook-up and commissioning work we delivered to Equinor in Phase 1 was high. We will build on this performance and implement even further improvements for the new contract for Phase 2, in close cooperation with Equinor’s team. We are glad that our focus on enhancing performance enables us to offer competitive execution models for new contracts,” said Linda L. Aase, executive vice president, electrification, maintenance and modifications at Aker Solutions.

The new platform for Phase 2 will be the second processing platform at the Johan Sverdrup field. The scope includes hook-up and commissioning of the systems at the new topside, as well as assistance in making it ready for production start. Work also includes connecting the platform to other systems at the previously installed platforms at the field. The contract will be executed by Aker Solutions’ team for offshore work based in Stavanger, Norway, together with specialists from other parts of the company.

The contract will be booked as order intake in the fourth quarter of 2020 in the Electrification, Maintenance and Modifications segment.

Source: akersolutions.com

JGC Awarded Solar Power Generation Project in Vietnam

JGC Holdings Corporation (Representative Director, Chairman and Chief Executive Officer: Masayuki Sato) is announcing that JGC Corporation, along with its subsidiary, JGC Vietnam were awarded the EPC contract of the Solar Power Generation Project by Sumitomo Corporation at the Thang Long Industrial Park II (TLIP II) in Hung Yen, Vietnam.

Sumitomo Corporation is promoting a green energy plan with the implementation of power supply facilities with several hundred megawatts of green electricity in their overseas industrial parks as well as beyond industrial parks, which includes the Thang Long Industrial Park I, II and III in Vietnam. This project will serve to supply green electricity to the tenant companies at the Thang Long Industrial Parks II. JGC Corporation, in partnership with JGC Vietnam, will execute the engineering, procurement, and construction (EPC) work for the approximately one megawatt solar power generation facility.

JGC has an abundant experience in the EPC execution of solar power generation projects in both domestic and overseas sites. The experience, combined with our ability to propose solutions that help to materialize the green energy plan promoted by Sumitomo Corporation, is seen as having been the major factor in the awarding of the contract to JGC. The JGC Group will continue to propose the best solutions to our clients from both economical and technical perspectives, and increase its orders for other projects.

The JGC Group believes that comprehensive energy management solutions, such as the integration of energy storage systems and existing facilities, as well as the introduction of virtual power plant (VPP) solutions, are essential to increase the capacity of renewable energy. We are now taking the following approaches with a focus on Southeast Asia and island countries.

  • Program planning and feasibility study proposals to decrease CO2 emission through the implementation of renewable energy and storage batteries in existing and new plants.
  • Business planning for micro grid businesses in island contries and off grid systems for industrial parks.
  • Consulting and cost estimation service for green energy implementation in existing businesses.

We believe that we can apply our technical expertise gained through our extensive engineering experience on plants and facilities on the energy-saving and energy management for production equipment and plants. The JGC Group will continue to contribute to the realization of a sustainable “environmentally friendly society” through our proactive initiatives in the environmental sector.

Source: jgc.com

L&T Construction Awarded Contracts for its Various Businesses

The construction arm of L&T has secured orders from prestigious
clients for two of its businesses.

Building & Factories (B&F) Business:
B&F’s Residential Business has received an add-on order from a reputed developer for the core & shell works of two wings of a tower in addition to the non-tower area works.
The business has also secured a Design & Build order from a reputed Client to construct a Multispecialty hospital at Nagpur. To be executed on a fast track basis, the scope of the project includes Structure, Finishes, MEP, and Medical Gas Pipeline system to be done entirely in structural steel, including the core.
The IT& office space business has received an order from a reputed client for the civil shell & core works of a Mixed Used Building at Bengaluru. The scope of work includes a tower of 9.06 lakh Sqft to be completed in a period of 18 months.

Power Transmission & Distribution Business:
L&T Construction’s Power Transmission & Distribution Business continued its winning spree by securing another package to provide Electrical & Mechanical Systems for tunnels in the Udhampur Srinagar Baramulla rail link project. The scope of the package involves 33kV & 11kV HT power cable network, GIS substation, DG sets, tunnel lighting, ventilation & firefighting
systems and SCADA system.
Another underground cabling package has been secured to improve the reliability of power supply in a South Indian city.
The business has also secured add-on orders from its existing customers

Source: corpwebstorage.blob.core.windows.net

Aker Solutions Awarded Subsea Contract for Kristin Sør

Aker Solutions has signed a letter of intent with Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields in the North Sea. The contract value is about NOK 1 billion, with options for some additional work.

The intention is to start work during 2021, and to complete the delivery in the first half of 2023.

The Kristin Sør development consists of the fields Lavrans and Kristin Q, both satellites to the existing Kristin platform. The planned scope will include a subsea template with four of Aker Solutions’ standardized vertical subsea trees for the Lavrans Centre. The delivery will also comprise a manifold for the Kristin Q field, to be installed in the Kristin Q template which Aker Solutions delivered in 2007.

“With improved technical solutions and cost levels for subsea technology, development of satellite fields is attractive for several oil companies. This is also a responsible approach to utilizing marginal resources with a minimum of new installations. We see that an increasing number of our subsea projects are related to such satellite projects,” said Kjetel Digre, chief executive officer of Aker Solutions.

The standardized subsea tree developed by the company enables shorter time from project start to first oil. The standardized tree is designed with Vectus™ control systems and reduced use of steel. These improvements both contributes approximately 50 percent reduced weight as well as reduced costs, simplified installation and operations. The Kristin Sør concept solution is a result of efficient collaboration with Equinor in the front-end phase in parallel with research and development in the Tranby Technology Center.

“This award demonstrates that our standardized solutions are competitive and has the flexibility to also be applied on fields with demanding temperature and pressure conditions. We have over time cooperated closely with Equinor in the development and optimization of such equipment, and we are pleased to continue this close collaboration in the new Kristin Sør project,” said Digre.

The new letter of intent is the latest step in Aker Solutions’ engagement as a key contractor since the greater Kristin area was first developed. The Kristin Sør project will include deliveries from Aker Solutions in Tranby, Egersund and Ågotnes in Norway, Curitiba in Brazil, Reading in the UK and Port Klang in Malaysia. The manufacturing of the subsea trees will take place at the facility in Curitiba. At peak, around 220 employees from the various locations will work on the project.

The high-pressure, high-temperature Kristin gas-condensate field is located in the Norwegian Sea, off the coast of mid-Norway. The development is done by operator Equinor and partners Petoro, Vår Energi and Total. The contract award for Kristin Sør is subject to a final investment decision and a final regulatory approval.

The new order will be booked in the fourth quarter of 2020 in the Subsea segment.

Source: akersolutions.com

McDermott Awarded Contract by BHP for Pre-FEED Extension Phase for the Trion Project Semi-Submersible FPU

McDermott International announced it has been selected by BHP Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to perform the preliminary Front-End Engineering Design (pre-FEED) extension phase for a Floating Production Unit (FPU) that could be installed in a water depth of approximately 8,200 feet (2,500 meters) at the Trion field, located approximately 19 miles (30 kilometers) south of the U.S./Mexico border and approximately 112 miles (180 kilometers) from the Mexican coastline.

The pre-FEED extension is expected to create greater value for the project by concentrating on the optimization of the design and execution strategy.

“We look forward to building on our strong relationship with BHP and Pemex with this latest contract award for the next phase in the Trion Project for the Semi-Submersible FPU,” said Mark Coscio, Senior Vice President for McDermott’s North, Central and South America region. “We will work with the project to further develop the execution plan for Trion in order to optimize the design and pre-FEED scope for them.”

McDermott was awarded the contract for pre-FEED services for the Trion FPU in March 2020. Its scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.

McDermott will work in close partnership with Houston Offshore Engineering and Wood on the Pre-FEED extension. McDermott will lead a single, integrated team to perform project management, execution planning and estimation services. Houston Offshore Engineering and Wood will focus on engineering optimizations. Technical support for fabrication and integration planning will be provided by McDermott’s fabrication yards in Batam, Indonesia, and Altamira, Mexico.

McDermott is currently delivering the subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I) and pre-commissioning of one jacket and topsides for the BHP Ruby Project located offshore Trinidad and Tobago.

Source: mcdermott-investors.com

Eni and Saipem sign a Memorandum of Understanding for decarbonization projects in Italy

Eni’s CEO, Claudio Descalzi, and Saipem’s CEO, Stefano Cao, today signed a Memorandum of Understanding (MoU) to cooperate on the identification and engineering of decarbonisation initiatives and projects in Italy. In particular, the companies intend to identify possible opportunities for collaboration in the sector of the carbon capture, utilization and storage (CCUS) of CO2 produced by industrial districts in the Italian territory.

The objective is to contribute towards the decarbonisation process of entire production chains, particularly those of the highest energy intensity by taking clear steps with immediate action to combat climate change and to achieve CO2 reduction targets at national, European and global level.

Through the MoU, Eni and Saipem will also evaluate participation in programs financed by the European Union as part of the Green Deal Strategy, proposing the possible inclusion of specific initiatives within the plan for the use of funds intended to support Member States of the ‘European Union in the post-COVID-19 phase (“Recovery and Resilience Fund”).

Eni is committed to responding to the challenge of improving access to reliable and clean energy, counteracting climate change through concrete, rapid and economically sustainable solutions. Eni’s strategy combines the objectives of continuous development in a rapidly evolving energy market with a significant reduction in its carbon footprint.

Saipem is a provider of solutions aimed at enabling the hybridization and decarbonization of energy-intensive production complexes. It boasts a consolidated experience and solid skills in the construction of plants linked to the CO2 chain, with the ability to also act as an integrator of processes and technologies, taking into account the expertise and experience gained in the management of CCUS processes on multiple industrial complexes. Over the years, Saipem has designed more than 70 plants for the capture of CO2 and over 40 plants for the subsequent transformation into urea.

Claudio Descalzi, CEO of ENI, stated: “Through this strategic agreement, Eni intends to strengthen its leadership in the energy transition process, accelerating the evolution of its business model that combines economic and financial sustainability with environmental sustainability. The adoption of technological solutions for decarbonization such as carbon capture, utilization and storage, will be fundamental in the energy transition of the country, and Eni can provide unique skills and expertise in managing production processes and in the fight against climate change”.

Saipem’s Chief Executive Officer, Stefano Cao, commented: “The agreement signed with Eni strengthens Saipem’s role as a leading player in the CO2 capture, transport, reuse and storage sector. We are able to propose concrete solutions to support the process of reducing carbon dioxide emissions of the energy and production chains of the industrial districts in Italy and contribute to the achievement of ambitious national and European objectives. These solutions require a high level of specialization, competence and experience in this sector that Saipem has developed over the years and is ready to make available in its contribution to Italy’s sustainable recovery and in supporting the technological and industrial supply chain”.

The present Understanding could be subject to subsequent binding actions that the parties involved will define according to the applicable law, included that which regulates operations among related parties.

Source: saipem.com

65 KM LONG OF SEWAGE NETWORKS FOR AL-HALAQA AL-GHARBIYA AND QAYYEM, TAIF TO SERVE 78,000 BENEFICIARIES

National Water Company “NWC” announced awarding the construction project of completing sewage system in Al-Halaqa Al-Gharbiya and Qayyem districts, Taif Governorate, as part of its strategic plans to achieve its development objectives building its infrastructure and improving environmental services in these areas, at a financial cost of more than 96m Saudi Riyals.

Engineer Mohammed bin Saleh Al-Ghamdi, Head of the Western Sector, elaborated that the company acted on the implementation of several development projects related to the water and environmental sectors, pointing out that it considered the balance, integration, and continuity of operating efficiency, while improving and sustaining the services provided in several cities and governorates of Makkah Region.

Al-Ghamdi noted that the awarded project would include the implementation of main lines, networks, and household connections at lengths of 65.6 km, and a total connection of 4,100 household connections to connect real properties to the public network, to serve 78,000 beneficiaries. He pointed out that the project aims to improve environmental services and develop infrastructure in the region, in addition to increasing the operational efficiency of the water and environmental sectors in accordance with the highest standards of quality and performance and achieving the well-being of citizens in line with the Saudi Arabian Vision 2030.

Source: nwc.com.sa

ADNOC Awards Occidental Onshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round

The Abu Dhabi National Oil Company (ADNOC) announced, today, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based international oil and gas exploration and production company.

The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and follows the SPC’s endorsement last month for ADNOC to begin awarding exploration blocks in Abu Dhabi’s second competitive block bid round.

This award to Occidental represents a further deepening of the UAE-USA strategic bilateral relationship as well as the continued expansion of ADNOC’s strategic partnerships with those who can provide technology and capabilities, capital and access to key growth markets for the company’s crude oil and products.

Occidental will hold a 100 percent stake in the exploration phase, investing up to AED 514 million ($140 million), including a participation fee, to explore for and appraise oil and gas opportunities in the block that covers an onshore area of 4,212 square kilometers southeast of Abu Dhabi city. New 3D seismic data has been acquired over a large part of the block, which combined with its proximity to the existing onshore oil and gas fields, suggests the concession area has promising potential.

Following a successful commercial discovery during the exploration phase, Occidental will have the right to a production concession to develop and produce such commercial discoveries. ADNOC has the option to hold a 60 percent stake in the production phase of the concession. The term of the production phase is 35 years from the commencement of the exploration phase. Onshore Block 5 offers the potential to create significant in-country value for the UAE over the lifetime of the concession.

The exploration concession agreement was signed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, and Vicki Hollub, President and CEO of Occidental.

H.E. Dr. Al Jaber said: “We are very pleased to once again collaborate with Occidental and strengthen our long-standing partnership. This concession award highlights the important role of energy cooperation in deepening the strong and deep-rooted strategic relationship between the UAE and the US. Crucially, the award underscores the attractiveness of Abu Dhabi’s huge untapped resource potential and ADNOC’s ability to continue to secure foreign direct investment to the UAE’s stable and trusted business environment, despite tough market conditions.

“Occidental was selected after a very competitive bid round that builds on the success of our debut bid round completed last year as part of Abu Dhabi’s block licensing strategy aimed at accelerating the exploration and development of our substantial hydrocarbon resources. This onshore block offers new areas with significant amounts of conventional oil and gas potential, and the award signals ADNOC and Abu Dhabi’s drive to remain a long-term and reliable energy provider to the world.”

In addition to drilling exploration and appraisal wells, the exploration phase will see Occidental leverage and contribute financially and technically to ADNOC’s mega seismic survey, which is already acquiring seismic data within the block area. This world’s largest 3D seismic survey is deploying industry-leading technologies to capture high-resolution 3D images of the complex geology up to 25,000 feet below the surface and will be used to identify potential hydrocarbon reservoirs.

Vicki Hollub, President and CEO, Occidental, said: “We are honored to partner with ADNOC on a second exploration concession contiguous to Onshore Block 3, where we have completed two exploration wells with extremely promising results. We see significant potential in Onshore Block 5 and, in partnership with ADNOC, will continue to work to help unlock the vast untapped resources in Abu Dhabi.”

All exploration activities in Abu Dhabi are carefully planned to mitigate any potential impacts through the implementation of protection measures, the use of advanced techniques and technologies, and stakeholder engagement to minimize drilling activities in populated or environmentally sensitive areas.

ADNOC launched Abu Dhabi’s second competitive block bid round in 2019, offering a set of major onshore and offshore blocks, on behalf of Abu Dhabi’s SPC. Based on existing data from detailed petroleum system studies, seismic surveys, exploration and appraisal wells data, estimates suggest the blocks in this second bid round hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas.

This award comes a few weeks after the SPC announced the discovery of recoverable unconventional oil resources estimated at 22 billion stock tank barrels (STB) and an increase in conventional oil reserves of 2 billion STB which boosted the UAE’s conventional reserves to 107 billion STB.

In February 2019, Occidental was awarded an onshore block in Abu Dhabi’s first competitive bid round. Occidental continues to explore for oil and gas in the block known as Onshore Block 3 that covers an area of 5,782 square kilometers in the Al Dhafra region of Abu Dhabi.

Source adnoc.ae

Daewoo Shipbuilding & Marine Engineering wins orders for 3 ultra-large crude oil carriers worth 282 billion won

Daewoo Shipbuilding & Marine Engineering has won orders for 3 super-sized crude oil carriers, and is doing its best to secure work until the end.

On the 3rd, Daewoo Shipbuilding & Marine Engineering (CEO Lee Seong-geun) announced on the 3rd that it has won an order for 3 super-large crude oil carriers from Abu Dhabi National Oil Company (ADNOC), Abu Dhabi, United Arab Emirates.

The ultra-large crude oil carrier ordered this time is a ship that satisfies the EEDI Phase 2 (Energy Efficiency Design Index), a greenhouse gas emission regulation that has been applied by IMO, an international maritime organization, and built at the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering. It is expected to be delivered to shipowners by the first quarter of 2023.

An official from Daewoo Shipbuilding & Marine Engineering said, “Adnoc is the first to order a super-large crude oil carrier to a Korean shipyard, and it is a company that is expected to place additional orders for other types of ships in the future.” The contract is included, so we will do our best to build the highest quality ships and maintain a lasting friendly relationship.”

Instead of installing a scrubber, which is a desulfurization device, the ship uses low-sulfur oil, or it includes an option to change to a dual-fuel propulsion ship that can use liquefied natural gas (LNG) as ship fuel in the future. When it is decided as an LNG-propelled ship, it is expected that a high-pressure dual fuel propulsion engine (ME-GI engine) and a fuel tank using high manganese steel will be applied to the world’s first ultra-large crude oil carrier.

As demand for LNG-powered tankers is expected to increase in line with expectations for a global economic recovery and eco-friendly stance, Daewoo Shipbuilding & Marine Engineering, which has the best technology in the ultra-large crude oil carrier field, is expected to benefit. In addition, it is expected to accelerate the decarbonization of the company’s final goal. According to Clarkson Research (as of the end of November), Daewoo Shipbuilding & Marine Engineering has built 161 of the 834 ultra-large crude oil carriers currently in operation based on a single shipyard.

On the other hand, Daewoo Shipbuilding & Marine Engineering has won orders worth about $40.6 billion this year for a total of 21 ships including 9 LNG carriers (including LNG-FSU and FSRU), 4 container ships, 2 shuttle tankers, 5 VLCCs, and 1 VLGC. About 56.3% of the target was achieved. End.

Source: dsme.co.kr

MODEC selects SUEZ for FPSO seawater process plant

SUEZ – Water Treatment & Technologies has been awarded a multi-million dollar contract by MODEC Offshore Production Systems (“MODEC”) for the supply of a seawater injection system including sulphate removal technology (SRU). The equipment will be located onboard a converted floating production, storage, and offloading (FPSO) vessel that MODEC is constructing on behalf of Woodside Energy (as operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore joint venture) for the Sangomar oilfield located approximately 100km south of Dakar, Senegal.  

“This award marks the third SRU contract awarded by MODEC to SUEZ and is a sign of our growing and important relationship with the company,” said Kevin Cassidy, executive vice president, engineered systems for SUEZ – Water Technologies & Solutions. “SUEZ is unique in the offshore oil industry because of our ability to manufacture membranes while also designing and building the process plants that use them. This contract is further validation that our technology drives value and optimizes performance for FPSO operators.”

The award is for the design and supply of the complete seawater treatment plant with a 23,000m3/day capacity, including coarse filtration, ultrafiltration (UF), nanofiltration (NF) and vacuum deoxygenation equipment. Site requirements call for the plant to produce water with sulphate levels below 40ppm.

SUEZ is a leading manufacturer and supplier of the UF and NF membranes that the offshore oil & gas industry relies on to remove sulphates and other divalent hardness ions from injection water, to enhance oil recovery. The removal of these ions reduces the tendency of barium sulphate and strontium sulphate scale to form in the reservoir and flowlines, plus will prevent well souring by controlling sulphate reducing bacteria.

The contract includes project management, procurement, construction supervision, and delivery to MODEC’s integration yard.

Source: www.suezwatertechnologies.com

NWC: SIGNING THE FIRST OPERATION AND MAINTENANCE MANAGEMENT CONTRACTS WITH A SAUDI FRENCH PHILIPPINE CONSORTIUM

The National Water Company “NWC” announced today signing of the first management contract with the private sector to operate water and environmental treatment services in the northwestern cluster, which includes the regions of Medina and Tabuk, integrated under the umbrella of the company that signed with a Saudi-French-Philippine consortium at a cost of more than 198m Saudi Riyals ($52.5 million), for a period of seven years.

H.E. Engr. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture, NWC Chairman of the Board of Directors, oversaw the signing ceremony between Engr. Mohammed bin Ahmed Al-Mowkely the CEO of NWC with representatives of the consortium; Saudi Arabia’s Miyahuna, French Groupe Saur, and Manila Water of the Philippines. 

The contract will contribute to improving services, operational performance and the level of operations at the sector level in general, including operational efficiency and technical knowledge, quality and availability of services and maintenance requirements, ensuring the sustainability of the service to the customer.

“The national water strategy included restructuring water services, involving the private sector, and the company has begun restructuring by merging 13 administrative districts to operate under the umbrella of 6 sectors” said NWC’s CEO Mohamed Bin Ahmed Al-Mowkely. 

Al-Mowkely pointed out that one of the most important pillars of the Saudi Arabian Vision 2030 is the welfare of the citizen, the quality of the services provided to him, and that from this vision emerged the National Water Strategy 2030, and from it, emerged the strategy of the National Water Company, which developed detailed plans to upgrade the water distribution sector in the Kingdom, in partnership with the private sector to ensure financial sustainability, and the quality of services provided to customers.

He stressed that the need for management contracts for operation and maintenance that comes to keep pace with the big growth witnessed by the Kingdom in various fields, and that it is an important step in the way of improving water services in partnership with the private sector, pointing out the importance of bringing global expertise, as 27 experts of different nationalities will work in the Northwestern Cluster, in addition to developing the work, localizing smart technology and experience by transferring knowledge to Saudi employees, and preparing for concession contracts, which is the last stage of the allocation of services.  

Engr. Al-Mowkely revealed that the contract with the winning consortium includes 14 key indicators that the consortium must achieve, the most important of which are: improving and developing the customer experience, raising operational efficiency by rationing costs, reducing water waste and improving network management, in addition to contributing to financial sustainability.  

“A contract based on achieving key targets and specific value, in addition to motivating the consortium to do its utmost to obtain incentives in the event of higher performance,” he said, stressing that the contract period is 7 years and if the targets are met after the third year of the contract and the cluster’s readiness is increased, this will enable NWC to move directly to the concession contracts phase in which the private sector will take full responsibility in water services, and we will not wait until the seven years are over”.

It is noteworthy that the winning consortium has experience in water services management, as Miyahuna (a subsidiary of Roya Investment Company of the Abunayyan and Al-Muhidib Groups) is a leading developer of the water and sanitation infrastructure through public-private partnership “PPP” contracts. The French Groupe Saur, is a major international water service provider serving 12 million customers worldwide, has been present in the Kingdom through water supply, sewage treatment, industrial cooling services in Jubail and Yanbu in partnership with Marafeq. Manila Water is the operator of the concession contract on the east side of Manila, one of the largest and most successful concession contracts in Asia and has contributed to the transformation of water services for more than 7 million customers in Manila. Manila Water provides water services in the Philippines, Vietnam, Thailand, and Indonesia.

Source: nwc.com.sa

Jacobs Awarded Pulau Indah Power Plant in Malaysia

 Jacobs was appointed by Pulau Indah Power Plant Sdn Bhd (PIPP) to deliver owner’s engineer services for the development of a 1,200 megawatt (MW) Combined Cycle Power Plant (CCPP) situated on Pulau Indah in Klang, Malaysia.

The award follows a recent announcement confirming Jacobs as the owner’s engineer for a 100 megawatt alternative current solar plant in Pekan, Malaysia. The two projects put Jacobs and its clients at the forefront of new generation capacity in South-East Asia as the region moves towards a low-carbon future.

“This project is another opportunity for Jacobs to support Malaysia’s major power development projects and their continued focus on low-carbon and renewable energy,” said Jacobs People & Places Solutions Executive Vice President Patrick Hill. “Gas generation is more efficient and produces less emissions than other fossil fuels and is an interim step in our energy transition towards a zero-carbon future. Gas can replace aging baseload generation with a lower carbon supply until emerging technologies capable of delivering clean, reliable baseload power, such as hydrogen, become feasible.”

The project will deliver a 1,200 MW combined cycle gas turbine plant to improve baseload supply for the region. When complete, it will provide high efficiency, low carbon power to the central region of peninsular Malaysia, including in Klang, Kuala Langat and Sepang districts where there is high demand for electricity. The new plant is expected to help attract new industrial development investments, stimulate economic activity and create new employment opportunities in the region.

As owner’s engineer, Jacobs will provide technical advisory services through to financial close, design review, construction monitoring, project management, attendance at factory testing and warranty support. Commercial operation is currently slated for January 2024. Tenaga Nasional Berhad (TNB) will purchase the power generated from the new power plant through a Power Purchase Agreement (PPA).

“The power plant will use HA turbine technology, the world’s most innovative turbine with advanced materials, cooling, aerodynamics, combustion and digital capability,” said PIPP Managing Director Datuk Seri Gan Seong Liam. “It is a clean energy alternative, that emits lower levels of emissions and produces less greenhouse gases. We look forward to the successful completion of this ground-breaking project leveraging off Jacobs power experience in Malaysia and across the South East Asia region.”

PIPP is a consortium of three companies: Maxim Global Berhad (formerly known as Tadmax Resources Berhad), Worldwide Holdings Berhad and Korea Electric Power Corporation.

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company’s business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, as well as the company’s other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

Source: jacobs.com