BP Awards Jacobs Phase 2 of the Khazzan Tight Gas Project in the Sultanate of Oman
January 10 2018 - 7:45AM
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.
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Jacobs Engineering Group Inc.Kerrie Sparks, 214.583.8433
Jacobs Engineering (NYSE:JEC)
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