(TSX: SCL.A, SCL.B)
TORONTO, Oct. 9 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced
that its subsidiary, Bredero Shaw (Singapore) Pte Ltd., has received a
contract with a total value of over US$85 million to provide anti-corrosion,
flow assurance, concrete weight and internal flow efficiency pipeline coatings
for the Woodside Pluto LNG Project. The pipe will be coated at Bredero Shaw's
coating facilities in the Far East and in Orkanger, Norway with the work
beginning in 2008 and continuing through the end of 2009.
The coating scope entails 180 kilometers of 36" pipe connecting
Woodside's Pluto field in Western Australia's Carnarvon basin to Woodside's
LNG facility on the Burrup Peninsula, 55 kilometers of 20 inch insulated flow
lines supplying gas to a shallow water production platform and 180 kilometers
of 6 inch pipe to provide mono-ethylene glycol which will be used as a hydrate
inhibitor in the offshore gas production pipelines.
The Pluto LNG Project is operated by Woodside, Australia's largest
publicly traded oil and gas exploration and production company.
Bredero Shaw has provided pipeline coatings for oil and gas projects from
facilities in the Far East for over 20 years. With recent investments at its
Kuantan, Malaysia facility and Batam, Indonesia facility, Bredero Shaw
continues to serve the needs of the growing Far East and international
pipeline markets including Australia.
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.
Bredero Shaw, ShawCor's largest division, is the global leader in pipe
coating solutions. 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.
This news release contains forward-looking information within the meaning
of applicable securities laws. Words such as "may", "will", "should",
"anticipate", "plan", "expect", "believe", "predict", "estimate" and similar
terminology are used to identify forward-looking information. This
forward-looking information is based on assumptions, estimates and analysis
made in light of the company's experience and its perception of trends,
current conditions and expected developments, as well as other factors that
are believed by the company to be reasonable and relevant in the
circumstances. Forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from those predicted, expressed or
implied by the forward-looking information. The risks and uncertainties
include, among other things, changes in global economic activity and changes
in energy supply and demand which impact on the level of drilling activity and
pipeline construction; political, economic and other risks arising from
international operations; compliance with environmental, trade and other laws;
liability claims; fluctuations in foreign exchange rates and fluctuations in
raw material prices, as well as other risks and uncertainties that are more
fully described in the company's current Annual Information Form, annual and
quarterly reports and in other reports and filings made with securities
regulatory authorities and available at www.sedar.com.
For further information:
For further information: ShawCor Ltd., Gary Love, Vice President,
Finance and CFO, Tel: (416) 744-5818, E-mail: email@example.com, Web site: