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ShawCor Announces Contract To Provide Pipe Coating Services For The QSN3 Pipeline Project
ShawCor Announces Contract To Provide Pipe Coating Services For The QSN3 Pipeline Project
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[{"type":"text","content":"\n\n\n\nNov. 11, 2009 (Canada NewsWire Group) -- TORONTO, Nov. 11 /CNW/ -- ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced its pipecoating division, Bredero Shaw, has received a contract with a value in excess of US$40 million from Marubeni-Itochu to provide pipeline coatings for Epic Energy's QSN3 Pipeline Project. The QSN3 Project incorporates the looping construction of the South West Queensland Pipeline, SWQP and the QSN Link Pipeline. QSN3 will be installed from Wallumbilla in South East Queensland to Moomba in South Australia. The contract has been awarded to Bredero Shaw (Australia). The QSN3 project will be executed at the Bredero Shaw pipecoating facilities in Kembla Grange, Australia and in Kuantan, Malaysia.This contract involves coating approximately 945 km of 18\" pipe that will be protected with dual layer fusion bonded epoxy coating and SureFlo(TM) internal coating. Coating will commence during the first quarter of 2010.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.This news release contains forward-looking information within the meaning of applicable securities laws. Words such as \"may\", \"will\", \"should\", \"anticipate\", \"plan\", \"expect\", \"believe\", \"predict\", \"estimate\" or similar terminology are used to identify forward-looking information. This forward looking information is based on assumptions, estimates, and analysis made in the light of the company's experience and its perception of trends, current conditions and expected developments, as well as other factors that are believed by the company to be reasonable and relevant in the circumstances. Forward looking informat...