Canusa-CPS clinches South Stream contract with Saipem

ShawCor Ltd. announced today 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 commence in 2014.

ShawCor Ltd is an energy services company specializing in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. The Company operates through eight divisions with over seventy-five manufacturing and service facilities located around the world.