ShawCor bags another pipe coating gig for Shah Deniz
- Business & Finance
ShawCor Ltd. today announced that its pipe coating division, Bredero Shaw, has received a second contract with a value of approximately US$200 million from BP Exploration (Shah Deniz) Limited for pipeline coating for the Shah Deniz Stage 2 development project.
ShawCor says the contract is scheduled to be executed at the Caspian Pipe Coatings (CPC) plant in Baku.
The contract awarded involves the application of anti-corrosion and concrete weight coatings, and upgrades to the CPC plant in Baku to enable the facility to meet the project’s requirements for anti-corrosion and concrete weight coating.
The company says that the coating is expected to start in 2015 with completion planned for October 2015.
Together with the previously awarded contracts relating to the Shah Deniz Stage 2 and the related South Caucasus Pipeline projects, Bredero Shaw has now secured contracts totaling over US$500 million on these projects.
Bredero Shaw, ShawCor’s largest division, is a provider of pipe coating solutions and it employs over 4,000 permanent and contract personnel located at offices and facilities in fifteen countries.