Press Release Feb 22, 2022

Jacobs Awarded Geothermal Power Generation Project in Indonesia

Harnessing Indonesia's geothermal potential for a cleaner energy future

Geothermal plant in rolling green hills

DALLAS, Feb. 22, 2022 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed by PT Geo Dipa Energi (Persero) (GDE) as Subsurface Project Management Consultant for the expansion of the Dieng and Patuha geothermal power plants in Java, Indonesia. The development will increase the power generation output of the Dieng and Patuha geothermal fields from 110 megawatts (MW) to 220 MW and help expand renewable power generation in support of Indonesia's transition toward a cleaner energy future.

Jacobs will undertake the geoscientific study of the geothermal resource, including the review of conceptual reservoir model and development strategy, well targeting, geological prognosis, and well programming, as well as the development of the drilling strategy and drilling risk mitigation. During the program, Jacobs will also provide technical knowledge on geothermal resource utilization and build on the lessons learned from previous drilling campaigns for Dieng and Patuha.

"Jacobs has a proven history in successfully delivering geothermal development projects in Indonesia as well as across the globe over the last 40 years," said Jacobs Senior Vice President and General Manager Keith Lawson. "This project is a great opportunity for us to continue to support GDE in harnessing Indonesia's geothermal resources to meet a cleaner, more sustainable, and efficient energy future and help attract additional investment in the geothermal sector in Indonesia."

The power plants are the first geothermal projects that are financed by the Asian Development Bank under a direct lending scheme. The project will provide job opportunities to the local communities, renewable electricity to the Java-Bali network, and reduce carbon emission by more than 700,000 tons per year, as compared to power plants sourced from fossil energy.

"This is a strategic project that can help meet the people's need for clean energy. It will have a positive impact on the social and economic aspects, especially for the surrounding areas," said GDE President Director Riki Firmandha Ibrahim. "This is a good opportunity for Jacobs to play a big role in driving positive changes in Indonesia."

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 $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific, and project delivery for the government and private sector. Visit and connect with Jacobs on FacebookInstagramLinkedIn, and Twitter.

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, including the emergence and spread of variants of COVID-19, the efficacy and availability of vaccines and treatments, 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 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 in our most recently filed Annual Report on Form 10-K, ,and  Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q,, 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.

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Kerrie Sparks



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