Shawcor wins pipe coating contract for work offshore South America valued at over $80 million
(UI) – Shawcor Ltd. announced that its pipe coating division, Pipeline Performance Group (“PPG”), has received a formal contract award for a development project, located offshore in South America. Shawcor will provide thermal insulation and anticorrosion coating services from a Western Hemisphere facility. Project initiation is expected to begin in the fourth quarter of 2023. The coating value of this project is estimated to exceed C$110 million (US$80.75 million).
“This award follows successful execution of coating activities on numerous development projects in the region,” said Fernando Ulecia, PPG’s VP of Western Hemisphere. “Our differentiated coating solutions have proven to be well suited for these challenging deep-water environments.”
Kevin Reizer, Group President of PPG, added, “This award provides further confidence that offshore activity is accelerating, especially in deep-water. Our global network of coating and insulation facilities is well suited to significantly participate in this expansion.”
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