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ShawCor Announces Contract to Provide Pipe Coating Services for Gjoa Project
TSX: SCL.A, SCL.B TORONTO, Feb. 14 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced its s...
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\nTSX: SCL.A, SCL.B\n\n\nTORONTO, Feb. 14 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced\nits subsidiary, Bredero Shaw, has received a contract with a value of\napproximately $30 million to provide pipeline coatings for StatoilHydro's Gjoa\noffshore projects in the North Sea. The contract has been awarded to Bredero\nShaw Norway AS, but will be executed at the Bredero Shaw coating facility in\nLeith, Scotland which will be reopened for its first major project since 2006.\nThe contract is a part of the Frame Agreement between StatoilHydro and Bredero\nShaw Norway AS.\n\n\nBredero Shaw's Leith facility will provide the Anti-Corrosion Coating,\nInternal Coating and Concrete Weight Coating for the 130 km Gjoa gas pipeline.\nA further 55 km of 16" pipe for the Gjoa oil pipeline will be coated with\nAnti-Corrosion Coating and Concrete Weight Coating. The 28" pipeline will be\ninstalled from the Gjoa field and be connected to the FLAGS trunkline system\nwhile the 16" pipeline will connect the Gjoa field to the Troll Oljerør II\npipeline.\n\n\nShawCor Ltd is an energy services company specialising in products and\nservices for the pipeline and pipe services and the petrochemical and\nindustrial segments of the oil and gas industry. The company operates through\nsix divisions with over sixty manufacturing and service facilities located\naround the world.\n\n\nBredero Shaw, ShawCor's largest division, is the global leader in pipe\ncoating solutions. The division provides specialized coating systems and\nrelated services for corrosion protection, insulation and weight coating\napplications on land and marine pipelines including highly engineered\ncorrosion and insulation systems for deepwater applications.\n\n\nThis news release contains forward-looking information within the meaning\nof applicable securities laws. Words such as "may", "will", "should",\n"anticipate", "plan", "expect", "believe", "predict", "estimate" or similar\nterminology are used to identify forward-looking information. This\nforward-looking information is based on assumptions, estimates and analysis\nmade in the light of the company's experience and its perception of trends,\ncurrent conditions and expected developments, as well as other factor...