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ShawCor announces contract to provide pipeline coating services for the Khurais Pipeline Project in Saudi Arabia
ShawCor announces contract to provide pipeline coating services for the Khurais Pipeline Project in Saudi Arabia.
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[{"type":"text","content":"\n\n\n\n\n(TSX: SCL.A, SCL.B)\n\nTORONTO, July 18 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced\nthat its joint venture affiliate Arabian Pipecoating Company Limited (APCO)\nhas received a contract with a total value in excess of US$60 million to\nprovide anti-corrosion and internal flow efficiency coatings and double\njointing for the Saudi Aramco Khurais Pipeline Project. The pipe will be\ncoated with Fusion Bonded Epoxy (FBE) Powder and a FBE internal anticorrosion\ncoating at the APCO pipe coating facility located at Al Jubail in the Kingdom\nof Saudi Arabia. Over 2,200 km of pipe in various sizes from 8\" through 60\"\ndiameter will be used for crude oil production and to carry salt water from\nthe Arabian Gulf to the Khurais field where it will be used to provide\nenhanced oil recovery.\n\nAPCO provides external FBE coatings and internal linings, external\nmultilayer polyethylene and polypropylene coatings, double jointing, field\njoint protection and custom coating services to serve the oil, gas and water\nindustries in the Kingdom of Saudi Arabia and the Arabian Gulf region.\nShawCor Ltd. is a growth-oriented, global energy services company that\noperates through six divisions which focus on technology-based products and\nservices for the pipeline and pipe services and the petrochemical and\nindustrial markets with manufacturing and service facilities located in over\ntwenty countries around the world.\nThe APCO joint venture is affiliated with Bredero Shaw, ShawCor's largest\ndivision, which is the global leader in pipe coating solutions and employs\napproximately 4,000 permanent and contract personnel located at offices and\nfacilities in fifteen countries. The division provides specialized coating\nsystems and related services for corrosion protection, insulation and weight\ncoating applications on land and marine pipelines including highly engineered\ncorrosion and insulation systems for deepwater applications.\n\nThis document contains forward looking statements, which are subject to\ncertain risks and uncertainties that could cause actual results to differ\nmaterially from those reflected in the statements.\n\n\n","length":2208,"tagName":"div"}]