Saipem Awards ShawCor Another South Stream Job
- Business & Finance
ShawCor Ltd. announced that its field-applied pipeline coatings and services division, Canusa-CPS, has received a contract with a value of approximately Cdn $30 million from Saipem SpA to provide field joint coating services for Line 1 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.
This contract involves the manufacture of 3-layer polypropylene heat shrink sleeves, and their application on each pipe weld of the 900 km 32″ offshore pipeline utilizing the Canusa-CPS patented IntelliCOATTM automated system. Contract execution is expected to start in 2014.
Canusa-CPS, ShawCor’s provider of field-applied coatings, technologies and services, is the global leader in field-applied coatings for subsea pipelines. With representation in more than 70 countries, the division provides specialized field-applied coating systems and related services for corrosion and thermal protection of land and offshore pipelines, including the world’s leading factory-grade field-applied coating systems for 3-layer polyethylene and polypropylene coated pipelines.
Press Release, July 04, 2014; Image: Canusa-CPS