PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it received a
contract for detailed engineering of facilities associated with the
Tuxpan-Tula Pipeline Project in Mexico.
TransCanada is the builder, owner and operator of the pipeline, which is
supported by a 25-year natural gas transportation service contract with
the Comisión Federal de Electricidad (CFE), Mexico's state-owned power
company. Bonatti S.p.A. is the prime contractor.
As subcontractor for pipeline facilities, Jacobs is providing
engineering, procurement and field engineering support for the
installation of a compressor station, a meter station and associated
pipeline appurtenances along the 155-mile, 36-inch pipeline.
In making the announcement, Jacobs Senior Vice President Petroleum and
Chemicals Manuel Junco stated, “We are delighted to contribute to this
important project, which will fuel power generation for vital regions in
Mexico. We look forward to a productive partnership with Bonatti S.p.A.
to support TransCanada’s continued growth in the Mexico market.”
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.
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Source: Jacobs Engineering Group Inc.