Jacobs Wins Contract for Tuxpan-Tula Compressor and Metering Stations Project in Mexico

April 26, 2016

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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.

Category: Oil & Gas