ShawCor Contracts to Coat Pipe for Deep Panuke Project

ShawCor Ltd. has announced that its subsidiary, Shaw Pipe Protection Ltd., has received a contract in excess of $40 million to provide negative buoyancy coating for EnCana Corporation's Deep Panuke offshore project in Nova Scotia.

The award was made to Shaw & Shaw Limited, a Nova Scotia registered company, owned by Shaw Pipe Protection Ltd. of Calgary and The Shaw Group Limited of Halifax. Shaw & Shaw successfully provided coatings for the Sable Offshore Energy Tier 1 and 2 Projects in 1998 and 2002 respectively. The success of Shaw & Shaw in Atlantic Canada has been the result of combining Shaw Pipe Protection's global pipecoating expertise along with resources provided by the Shaw Group in Nova Scotia.

Working for EnCana, Shaw & Shaw will provide Concrete Weight Coating, Sacrificial Anode Installation and associated logistics for this 175km, 22-inch diameter pipeline. The pipeline will be installed in the waters off Nova Scotia and will transport gas from the production platform to Goldboro, Nova Scotia, where it will enter the Maritimes & Northeast Pipeline system.

Shaw Pipe Protection Ltd. is pleased to be re-mobilizing one of its Compression Coat Concrete Weight Coating plants to the previously utilized coating yard in Sheet Harbour, Nova Scotia. Shaw Pipe Protection's Compression Coat technology is the industry's leading concrete coating system for projects requiring rapid mobilization or coating near the pipeline right-of-way. Compression Coat uses a side-wrap application process making it ideal for both large and small diameter pipelines.

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