ShawCor Announces Contract To Provide Pipe Coating Services For Gumusut-Kakap Deepwater Project

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[{"type":"text","content":"\n\n\n\nSHAWCOR LTD.\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, June 25 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced\nits subsidiary, Bredero Shaw, has received a contract with a value in excess\nof US$35 million to provide pipeline coatings for Sabah Shell Petroleum Co.\nLtd.'s (SSPC) Gumusut-Kakap Deepwater Project located in the South China Sea\n120 km offshore Sabah. The contract has been awarded to Bredero Shaw (M) Sdn.\nBhd. and the project will be executed at the Bredero Shaw facility in Kuantan,\nMalaysia.\n\n\nThe scope of the Gumusut-Kakap Deepwater Project requires 40 km of 18"\npipe to be protected with Fusion Bonded Epoxy (FBE) and Bredero Shaw's\nThermoFlo D insulation coating designed for water depths of 1,200 meters.\nSpecialized processing equipment, designed by Bredero Shaw, will be mobilized\nand pre-qualification testing will be completed in December 2008. Upon\ncompletion of thorough simulated service testing, the ThermoFlo D insulation\ncoating application will begin by the end of the first quarter of 2009.\n\n\nShawCor Ltd is an energy services company specializing 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\nThe 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 factors that\nare believed by ...

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