Shawcor Ltd. Announces Conditional Award for North Sea Development Project
Article content TORONTO, March 15, 2021 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that its pipe coating division has secured a firm contract, pending project sanction, to provide a wet insulation coating system utilizing its proprietary ULTRA™ technology for a Development Project located in the North Sea. The conditional award was secured following a technology development program to extend Shawcor’s ULTRA™ platform. The value of the award is in the range of C$40-$45 million, pending final investment decision which is expected to occur in the third quarter of 2021. Th...
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