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ShawCor to provide pipe coating services for the South Stream Offshore Pipeline

July 3, 2014

ShawCor Ltd.’s pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$50 million from Marubeni Sumitomo Consortium for coating services for Line 2 of the South Stream Offshore Pipeline.

The South Stream Offshore Pipeline system is comprised of 4 pipelines that will cross the Black Sea and transport gas from Russia to Bulgaria and on to Central and Southern Europe. The contract will be executed at a pipe coating facility in Bredero Shaw's EMAR region.

This contract involves coating approximately 342km of 32" pipe with 3-Layer Polypropylene and internal flow coating. Coating is expected to commence in the third quarter of 2014 and be completed in 2015.

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