Shaw & Shaw announces contract to provide pipe coating services for Deep Panuke project



    HALIFAX, Jan. 4 /CNW/ - Shaw & Shaw Limited is pleased to announce that
it has received the award of EnCana Corporation's Deep Panuke contract valued
in excess of $40 million to provide the installation of negative buoyancy
coating in Nova Scotia. Shaw & Shaw Limited, a Nova Scotia registered company,
is owned by The Shaw Group Limited of Halifax and Shaw Pipe Protection Ltd. of
Calgary. 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 Pipe Handling, Concrete
Weight Coating and Sacrificial Anode Installation for this 175km, 22" diameter
pipeline. The pipeline will be installed offshore from Nova Scotia and will
transport gas from the production platform to Goldboro, Nova Scotia where it
will enter the Maritimes & Northeast Pipeline system.
    Shaw & Shaw is pleased to be re-mobilizing to the previously utilized
coating yard in Sheet Harbour, Nova Scotia. This project will provide
significant economic benefits for residents of Sheet Harbour and for Nova
Scotia in general.
    The Shaw Group Limited is one of Eastern Canada's leading diversified
companies with primary businesses in natural-resource-based manufacturing and
community development through the following divisions, subsidiaries and joint
ventures: Shaw Brick, Shaw Pipe, Shaw Resources, Clayton Developments,
Prestige Homes, Ven-Rez Products Ltd., and Shaw & Shaw. The company has been
honoured as one of Canada's 50 Best Managed private companies for the past six
years.

    Shaw Pipe Protection Ltd., is a wholly owned unit of Bredero Shaw,
ShawCor's largest division. Bredero Shaw 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. 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 six divisions with over sixty manufacturing and service facilities
located around the world.




For further information:

For further information: Michael Kontak, Shaw & Shaw Limited, (902)
457-0689, mkontak@shawgroupltd.com

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SHAW & SHAW LIMITED

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