ShawCor Wins Pipe Coating Contract for Barzan Project

ShawCor Ltd. announced that its pipe coating division, Bredero Shaw, has received a contract with a value in excess of US$45 million from Hyundai Heavy Industries to provide corrosion protection and concrete weight coating for the Barzan pipeline project in the Qatari sector of the Arabian Gulf.

The contract will be executed at Bredero Shaw's facility in Ras al Khaimah in the United Arab Emirates and will involve the coating of 292 km of up to 24" pipe with a fusion bonded epoxy anticorrosion coating and HeviCote(R) concrete weight coating. This facility is a technology leader in the anticorrosion, concrete weight and internal coating markets and provides leading-edge pipe coating solutions to clients throughout the Middle East. Work on this project is scheduled to commence late in the first quarter of 2012.

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.

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