ShawCor's Socotherm pipe coating division has received a contract with a value in excess of $40 million from Tenaris to provide pipeline coatings for the Moho Nord Oil Pipeline project. The Moho Nord project is located in water depths of 650 to 1,150 meters approximately 75 kilometers off the Congo coast in West Africa. The contract will be executed primarily at the Socotherm pipe coating facility in Pozzallo, Italy with additional work to be completed at Socotherm's facilities in Adria, Italy and Escobar, Argentina.
This contract involves coating approximately 165 km of 6" to 16" pipe with 3-layer polypropylene anticorrosion coating, 42 km of 8" to 10" pipe with 5-layer syntactic polypropylene coating and 19 km of 16" pipe with 3-layer polypropylene anticorrosion coating together with concrete weight coating. Coating is expected to commence during the second quarter of 2014.