ShawCor Ltd. (TSX: SCL.A, SCL.B) announced its pipecoating division, Bredero Shaw, has received contracts with a value in excess of US$30 million from PEARLOIL (Sebuku) Limited, a wholly-owned subsidiary of Pearl Energy, which is the Southeast Asia operating arm of Mubadala Oil & Gas, a business unit of Mubadala Development Company, to provide pipeline coatings and related products and services for the Ruby Gas Field Development Project. The Ruby Field Development export pipeline will connect the offshore gas field to a dedicated receiving terminal in North Bontang, East Kalimantan, Indonesia and a tie-in pipeline will connect the receiving terminal to Total's onshore facilities at Senipah in East Kalimantan. The contracts will be executed at Bredero Shaw's facilities in Kabil, Indonesia and Kuantan, Malaysia. These facilities are technology-based, full service coating plants that were built specifically to process large, complex projects in the Asia Pacific region.
The export pipeline and related tie-in pipeline contracts involve coating approximately 240 km of 14" diameter pipe that will be protected with three layer and asphalt enamel anticorrosion coatings and concrete weight coating. In addition Bredero Shaw has also received a contract for anode procurement and installation as well as custom coating. The project will commence during the second quarter of 2012.
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