07.29.22
Toronto, Ontario, Canada
www.shawcor.com
Shawcor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services segment of the oil and gas industry and related products for the petrochemical and industrial market. The company operates through a global network of fixed and mobile manufacturing and service facilities.
Shawcor’s pipe coating division has received a Letter of Intent with Saipem for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 meters. The company anticipates that it will receive a formal contract in the middle of 2022, subject to the necessary government authorizations. Project initiation is expected to begin in the first quarter of 2023 from Shawcor’s Veracruz, Mexico facility.
In addition to the LOI with Saipem, Shawcor has received formal contract awards from other customers for two smaller projects located in the Gulf of Mexico. Shawcor will provide coating services for these projects which will commence in the second quarter of 2022 from the company’s Veracruz facility.
www.shawcor.com
PUBLIC COMPANY
REVENUE: $500 million*
MARKETS SERVED
Pipe coatingsKEY EXECUTIVES:
P.G. Robinson, chair of the board; Steve Orr, president and CEO; G.A. Tano, senior vice president, finance and CFO.Shawcor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services segment of the oil and gas industry and related products for the petrochemical and industrial market. The company operates through a global network of fixed and mobile manufacturing and service facilities.
Shawcor’s pipe coating division has received a Letter of Intent with Saipem for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 meters. The company anticipates that it will receive a formal contract in the middle of 2022, subject to the necessary government authorizations. Project initiation is expected to begin in the first quarter of 2023 from Shawcor’s Veracruz, Mexico facility.
In addition to the LOI with Saipem, Shawcor has received formal contract awards from other customers for two smaller projects located in the Gulf of Mexico. Shawcor will provide coating services for these projects which will commence in the second quarter of 2022 from the company’s Veracruz facility.