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ShawCor and Welspun sign $60 million contract

June 15, 2011

Deal will provide pipeline coatings for Zawtika Development Project.

ShawCor Ltd. said its pipecoating division, Bredero Shaw, has received a contract with a value in excess of $60 million from Welspun Corp Limited, to provide pipeline coatings and related products and services for the Zawtika Development Project operated by PTTEP International Limited. The contract will be executed at Bredero Shaw's facility in Kabil, Indonesia. This facility is a technology-based, full service coating plant that was built specifically to process large, complex projects in the Asia Pacific region. Pipe shipments will utilize the two new berths at the Kabil Offshore Deepwater Port, which became fully operational during the second quarter of 2010. The contract involves coating approximately 335 km of 10" to 28" pipe that will be protected with three layer anticorrosion coating and concrete weight coating.