Jacobs Receives Contract from Gassnova SF

PASADENA, Calif., Dec. 13, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a framework contract from Gassnova SF for its "CO2 Capture Mongstad (CCM) Project" at the Mongstad Refinery site in Norway.

Officials did not disclose the contract value, however, they noted that the framework contract, for which Jacobs is the sole provider of engineering and technical assistance services, is being executed from its office in Leiden, The Netherlands.

Under the terms of the contract, Jacobs is providing engineering and technical assistance services to support the installation of a large-scale carbon dioxide (CO2) capture plant for a combined heat and power (CHP) plant at the refinery. The CHP plant is integrated with the refinery and includes fuel gas/electricity exchange with the Troll gas field in the Norwegian sector of the North Sea. The work involves individual call-off contracts which could include feasibility and concept studies, 3D modeling, interface coordination, detailed engineering and construction plans, health, safety and environmental (HSE) management and HSE engineering activities, including a site-wide noise control strategy, and cost estimates.

In making the announcement, Jacobs Group Vice President Robert Matha stated, "Jacobs is proud to support this important project and help Gassnova to achieve its project carbon capture goals."

The CCM Project, which is in an early development stage, is funded by the Norwegian State and being undertaken by a joint venture between Gassnova SF and Statoil ASA. The project is planned to meet Norway's rigorous standards for health, safety and environmental management.

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 2011 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.

For additional information contact:

Michelle Jones

626.578.6968

SOURCE Jacobs Engineering Group Inc.