Keyera Partnership Signs Sour Gas Processing Plant Agreement with Jacobs

Agreement boosts Jacobs’ presence in Canada’s midstream industry

DALLAS–(BUSINESS WIRE)–Jacobs
Engineering Group Inc. (NYSE:JEC) has signed an engineering services
agreement with Keyera
Partnership (TSX:KEY), which operates one of the largest independent
midstream energy companies in Canada. The company services oil and gas
producers in Western Canada and transports natural gas liquids such as
propane, ethane, butane, condensate and iso-octane to markets throughout
North America.

The new agreement enables Jacobs to provide engineering services for the
Wapiti Liquids Handling & Gas Processing Facility, a key part of
Keyera’s Wapiti Development project for constructing a natural gas
gathering and processing complex in the Wapiti area south of Grand
Prairie, Alberta.

At full build-out of both phases of the project, the new facility is
expected to process up to 300 million cubic feet of sour gas and 25,000
barrels of field condensate per day. Keyera is also looking at the
possibility of connecting the new complex to its existing Montney asset
base and network, further diversifying its service offering in the
region.

“This agreement marks a significant milestone for Jacobs to leverage our
presence in the midstream industry in Canada, and increase our market
share and potential for growth in this sector,” said Jacobs Senior Vice
President, Oil & Gas, Bassim Shebaro. “Understanding Keyera’s already
impressive gas gathering and processing business, this contract could be
the start of a mutually beneficial long-term relationship.”

Jacobs will support this deal from its Calgary office, which represents
the company’s center of excellence in North America for natural
gas liquids, gas treating and processing and sulfur solutions,
delivering innovation and value for our upstream and midstream clients.

Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 54,000 people and operates in more than 25 countries
around the world.

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 30, 2016, 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.
Salim Rahimi, 214.583.8428