Jacobs Awarded Contract by BP Supporting Development of Khazzan Gas Project

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract by BP for process and infrastructure work on the greenfield Khazzan project in the Sultanate of Oman.

Under the terms of the contract, Jacobs is providing engineering, procurement and construction management services in relation to approximately $2 billion of gas gathering and water pipelines, wellhead production facilities and export pipelines for the development of the southern sector of Block 61. Jacobs’ scope of work also includes the detailed design and program management for the associated project infrastructure.

The work utilizes resources from multiple Jacobs offices located in the Middle East, U.K., India and the U.S.; and Jacobs is also committed to supporting the In Country Value goals of the Sultanate of Oman to build local content by developing the local workforce and engaging local suppliers. The project is expected to mobilize immediately.

Jacobs Group Vice President Conor Doyle stated, “We are delighted to be working with the Sultanate of Oman and BP on this major new upstream project in Oman. We see tremendous opportunities to leverage our technical experience in tight gas projects with our infrastructure capability in the region, and are pleased to support this pioneering development.”

In December 2013, the Government of the Sultanate of Oman and BP announced a gas sales agreement and an amended production sharing agreement for the development of the Khazzan field, with BP as operator. The Khazzan project represents the first phase in the development of one of the Middle East region’s largest unconventional tight gas accumulations.

Jacobs is one of the world’s largest and most diverse providers of technical professional and construction services.

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. 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 2013 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 do not undertake to update any forward-looking statements made herein.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Michelle Jones, 626-578-6968