Jacobs Engineering Group (JEC) Awarded Contract From Suncor Energy (SU)
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Jacobs Engineering Group Inc. (NYSE: JEC) received a contract from Suncor Energy (NYSE: SU) 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.
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