Aegion Corp. Awarded Offshore Shell Project
January 19, 2012Aegion Corp. (Nasdaq Global Select Market: AEGN) recently announced that its subsidiary, The Bayou Companies LLC, has been awarded a contract to coat approximately 80 miles of 16- and 18-in. diameter oil and gas pipelines for the Shell Mars B deep water development.
In January 2012, Bayou will begin inner-diameter coating, outer-diameter coating, concrete weight coating and anode and buckle arrestor installation for the project. The Mars B development, which includes “Olympus,” Shell’s second tension leg platform on the prolific Mars field, will export oil and gas to West Delta 143, a hub facility for deep water oil and gas production. At this facility, the pipeline will tie into an existing pipeline that will then transport the oil and gas into Fourchon, La. Bayou’s previous experience completing deepwater projects for Shell includes the fabrication of pipeline end terminations in some of the deepest pipelines in the world and the internal and external fusion bond epoxy coating of water injection lines, flow lines and export lines. These coatings provide corrosion protection to steel pipelines operating in a saltwater environment.
Dorwin Hawn, senior vice president of Aegion Energy & Mining Group, said, “Bayou has worked with Shell in the past and we look forward to this opportunity to provide protective coatings on this significant project. Our logistics capabilities in New Iberia, La., which include the ability to simultaneously load barges at four sites, will enable us to effectively manage this project. In addition, Bayou recently achieved ISO certification. We believe our improved processes and quality controls will provide additional benefit to Shell throughout this project.”