Jacobs Receives Contract From Centrica for Underground Gas Storage Project in the UK

PASADENA, Calif., May 26 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Centrica plc (Centrica) to provide front-end engineering services for an underground gas storage (UGS) project located in East Yorkshire, England.

Officials did not disclose the contract value.

The project involves conversion of the substantially depleted Caythorpe onshore gas field, located close to the National Transmission System, into an onshore UGS complete with associated onshore pipelines and processing facilities.

Centrica is a leading integrated energy provider and the parent company of British Gas, the biggest supplier of electricity to homes in Britain. Centrica's main operations are in the UK, North America, and Europe. The company also owns Rough, the UK's largest gas storage facility with a storage capacity of approximately 118 billion cubic feet.

Working with other clients, Jacobs has successfully designed and managed the delivery of most UGS project investments in Europe.

In making the announcement, Jacobs Group Vice President Allyn Taylor stated, "We are extremely pleased to have the opportunity to work with Centrica. This challenging project marks the beginning of a new relationship for both our firms. We intend to provide added-value over the long term to support Centrica's business goals."

Jacobs, with annual revenues exceeding $12 billion, is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 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 also caution the readers of this release that 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.

Web Site: http://www.jacobs.com