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ShawCor's Bredero Shaw Pipe Coating Division Wins USD200 Mn Contract

Published on 2014-09-30. Author : SpecialChem

TORONTO -- ShawCor Ltd. (TSX:SCL)has announced that its Bredero Shaw pipe coating division has received contracts with a value of approximately US USD 200 million from BP Exploration (Shah Deniz) Limited for pipeline coating and other services in connection with the Shah Deniz Stage 2 development project. The contracts are scheduled to be executed from plants within Bredero Shaw's EMAR region.

The contracts awarded involve the application of a full suite of coatings, including "Thermotite" multilayer polypropylene insulation, anti-corrosion and concrete weight coatings. Coating will commence in late 2014 and continue through the 2015 to 2018 period.

In addition to the contracts announced, Bredero Shaw is currently bidding on other contracts relating to the Shah Deniz Stage 2 project.

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 nine divisions with over ninety manufacturing and service facilities located around the world.

Bredero Shaw, ShawCor's largest division, is one of the global leaders in pipe coating solutions and employs over 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.

About ShawCor Ltd.

ShawCor Ltd. is a growth-oriented, global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world.

Source: ShawCor Ltd.


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