BP Awards Jacobs Phase 2 of the Khazzan Tight Gas Project in the Sultanate of Oman

DALLAS–(BUSINESS WIRE)–Jacobs
Engineering Group Inc. (NYSE:JEC) has been selected by BP to provide
engineering, procurement and construction management (EPCM) services for
the Phase 2 of the Khazzan Project in the Sultanate of Oman.

Under the terms of the three-year contract, Jacobs will continue to
deliver engineering, procurement and construction management (EPCM)
services in support of the project, including the ongoing expansion of
the gas gathering system, wellsite facilities and export pipelines.

”We are committed to continuing our relationship with BP through the
next development phase of this world-scale gas project,” said Jacobs
Petroleum and Chemicals President Vinayak Pai. “Upon completion of the
project, this field has the potential to produce gas for Oman for
decades to come and simultaneously sets the stage for knowledge transfer
and Omanization.”

Khazzan is considered to be one of the biggest tight gas projects in the
Middle East and Phase 1 is expected to develop approximately seven
trillion standard cubic feet of gas, deliver plateau production of one
billion standard cubic feet of gas per day and 25,000 barrels of gas
condensate per day.

In September 2017 a significant milestone was reached when Phase 1 of
the BP Khazzan Project achieved first gas ahead of schedule. Jacobs
delivered engineering, procurement and construction management (EPCM)
services for the process and infrastructure work during the first phase
of this greenfield project, through its global integrated delivery
model, utilizing knowledge from a diverse group of employees, as well as
local construction suppliers.

Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With $15 billion in
combined revenue and a talent force more than 74,000 strong, Jacobs
provides a full spectrum of services including scientific, technical,
professional and construction- and program-management for business,
industrial, commercial, government and infrastructure sectors. For more
information, visit www.jacobs.com.

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 Form 10-K for the year
ended September 29, 2017, 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.

Contacts

Jacobs Engineering Group Inc.
Kerrie Sparks, 214.583.8433