ShawCor secures Concrete Weight Coating contract for a Latin American natural gas pipeline project for Technip

Source: ShawCor Ltd.

ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced its pipecoating division, Bredero Shaw, has received a significant contract from Technip USA, to provide Concrete Weight Coatings, anode installation and other related services for a Latin American pipeline project.

The project will consist of approximately 100 km of 36" pipe to be installed offshore for the transportation of natural gas. Bredero Shaw will mobilize two Compression Coat Technology (CCT) concrete weight coating plants to La Brea, Trinidad for this project. Initial operations are scheduled to commence during the first quarter of 2012 with concrete coating scheduled to start in the third quarter of 2012.

Bredero Shaw's CCT concrete coatings are the pipeline industry's leading coating system for projects requiring rapid mobilization or the supply of concrete coatings near the pipeline right-of-way. CCT concrete coating systems are designed to provide negative buoyancy and mechanical protection for pipelines in submarine environments, wet environments or rocky and rough terrain configurations. Compression Coat uses a side-wrap application process, making it ideal for both small and large diameter pipelines.

ShawCor Ltd is an energy services company specializing in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. The company operates through seven divisions with over seventy manufacturing and service facilities located around the world.

Bredero Shaw, ShawCor's largest division, is the global leader in pipe coating solutions and employs approximately 4,000 permanent and contract personnel located at offices and facilities in fifteen countries. The division provides specialized coating systems and related services for corrosion protection, insulation and weight coating applications on land and marine pipelines including highly engineered corrosion and insulation systems for deepwater applications.


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