April 19, 2016 - 7:45 AM EDT
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Jacobs Appointed to Woodside Engineering Services Panel

Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was appointed by Woodside Energy Ltd (Woodside) to work as part of an engineering panel to provide multi-disciplinary engineering services for Woodside’s onshore and offshore assets for a period of two years.

Under the contract, Jacobs has the ability to deliver concept, FEED and detail design activities, engineering assessments and engineering support services for maintenance and operations.

Woodside is an Australian oil and gas company and one of the largest LNG producers in Australia, with a global presence as an explorer, developer, producer and supplier. Woodside’s developing and producing portfolio includes assets across Australia’s West Coast, Canada and Timor Leste.

In making the announcement, Jacobs Senior Vice President Steve Axcell stated, “We are very pleased to be a part of this new panel venture with Woodside, which strengthens our position in the oil and gas industry in Australia. We are excited to engage our local and international capabilities, including our global integrated delivery model to support the successful delivery of safe, cost effective projects to Woodside.”

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 2015 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.

Jacobs Engineering Group Inc.
Robin Shermer, 817-735-6284

Source: Business Wire (April 19, 2016 - 7:45 AM EDT)

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