ShawCor Wins US$43 Million in Pipeline Coating Projects

ShawCor has been awarded three contracts worth approximately US$43 million to provide technologically advanced coating systems on key offshore oil and gas pipeline projects in the Gulf of Mexico and Brazil. Clients served on these projects include Oceanographia S.A. de C.V. and associated companies Cosemarte and Allseas, Subsea 7 and Noble Energy.

The first contract, for Oceanographia, will provide anti-corrosion and concrete weight coating for PEMEX's POL A project in Mexico. This project will consist of a large diameter pipeline to be installed offshore. The anti-corrosion coating will be applied by Bredero Shaw's Monterrey, Mexico facility while the concrete weight coating will be applied at Bredero Shaw's facility in Coatzacoalcos, Mexico. The Bredero Shaw facility in Monterrey is the leading provider of anti-corrosion coatings in Mexico. The Bredero Shaw facility in Coatzacoalcos utilizes industry leading Compression Coat concrete weight coating technology to provide negative buoyancy and mechanical protection for pipelines in subsea environments.

A second contract will provide advanced ThermoFlo(TM) Flow Assurance Coatings for Noble Energy's Lorien discovery in the Gulf of Mexico. This pipeline will be coated at Bredero Shaw's ThermoFlo(TM) coating facility in Pearland, Texas. ThermoFlo(TM) is a polyurethane-based insulation designed for offshore flow assurance. Bredero Shaw's Pearland facility has been providing pipe coating solutions to clients in the Gulf of Mexico for over 30 years.

On a third project, Bredero Shaw has received a Letter of Intent to provide Thermotite® Flow Assurance Insulation and Field Joint coating services for the Petrobras PDEG (B) offshore oil and gas pipeline project in Brazil. The pipeline will be coated in a new Bredero Shaw facility in Belo Horizonte, Brazil. Thermotite® is a technologically advanced polypropylene insulation coating system designed for offshore flow assurance. The contract also includes the provision of Field Joint coating services at Subsea 7's spool base in Ubu, Brazil.

As Latin America and Mexico develop their oil and gas pipeline infrastructure, Bredero Shaw is continuing to increase capacity and introduce industry-leading pipe coating technologies to better service key clients in the region.