Jacobs Engineering (JEC), TransCanada (TRP) Enter Engineering Services Agreement

August 24, 2016 7:47 AM EDT

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Jacobs Engineering Group Inc. (NYSE: JEC) announced today it signed a three-year master engineering services agreement with TransCanada Corporation (NYSE: TRP), a leading energy infrastructure company in North America.

The agreement enables Jacobs toprovide project management, engineering, design, drafting, technical, field support and project close-out services for TransCanada’s pipelines and liquids facilities projects across Canada.

In making the announcement, Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco stated, “With the continued growth of upstream and midstream companies in North America, this agreement marks a significant step for Jacobs in extending our capabilities to new energy infrastructure clients and increasing our market share and growth in this sector. In particular, we have considerable experience in Canada delivering innovative and cost saving ideas for our pipeline and midstream clients.

“We are excited to contribute significant value to TransCanada’s upcoming pipeline and pipeline facility projects. We look forward to establishing a mutually beneficial long-term relationship with TransCanada.”

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