ShawCor Announces Contract To Provide Pipe Coating Services For Vega Project



    (TSX: SCL.A, SCL.B)

    TORONTO, June 19 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced
its subsidiary, Bredero Shaw, has received a contract with a value in excess
of $30 million from Subsea 7 to provide Thermotite(R) coatings for
StatoilHydro's Vega offshore project in the North Sea. The contract has been
awarded to Bredero Shaw Norway AS and the project will be executed at its
coating facility in Orkanger, where the patented Thermotite(R) polypropylene
insulation coating system for offshore flow assurance was developed.
    This project is the largest contract, by value, that Bredero Shaw
Norway's Orkanger plant has ever undertaken. The coating work will run for a
four month period from September 2008 to January 2009. The Vega field will be
tied-back to the Gjoa production platform by a single carbon steel flowline
entailing coating of 27 km 14" ID pipe and 24 km 12" ID pipe. The Vega field
is located in water depths from 365 to 380 metres, approximately 10-30 km
north-north west of the Fram fields.
    To facilitate a project specific requirement, a new ID blasting facility
will be installed at Orkanger capable of handling pipes from 6" to 20". This
equipment will ensure that the inside of the pipe is thoroughly cleaned. The
ID blasting will be conducted prior to the application of the external Thermal
Insulation coating.
    Thermotite(R) is multi-layer polypropylene-based insulation coating which
is customisable and manufactured in a wide range of thicknesses and layers to
meet specific performance and subsea installation requirements for both
shallow and deepwater insulation systems.

    ShawCor Ltd is an energy services company specialising 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" or similar
terminology are used to identify forward-looking information. This
forward-looking information is based on assumptions, estimates and analysis
made in the 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 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: glove@shawcor.com, Website:
www.shawcor.com

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