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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (9247)2/26/1998 12:54:00 AM
From: Arnie   of 15196
 
GENERAL INTEREST / Sable Offshore Energy awards Pipecoating Contract

HALIFAX, N.S., Feb. 25 /CNW/ - Sable Offshore Energy Incorporated (SOE
Inc.) today announced that Shaw and Shaw Limited of Halifax, Nova Scotia, have
been awarded a contract for the anticorrosion and concrete weight coating of
subsea interfield flowlines and the main gathering line.

The award was made by the alliance contractor Allseas Canada Limited and
is the largest single contract to be awarded in Nova Scotia to date. The value
of the contract is about $45 million and will offer more than 190 job
opportunities to Nova Scotians.

Shaw and Shaw Limited is a joint venture between the Shaw Group Limited of
Halifax and Shaw Pipe Protection Limited of Calgary. The work will be done at
a coating plant to be established at Sheet Harbor.

SOE Inc Project Manager Derek Owen said Allseas had taken the initiative
to ensure that as much of the work as possible could be done in Nova Scotia.
As a result, the anticorrosion (epoxy) coating will also be done in the
province.

Allseas Canada Project Manager Eric Van Baars said Shaw and Shaw will
begin site preparations and mobilization of various plant components as soon
as possible so that the anticorrosion work can begin by the end of June with
concrete weight coating beginning in early July.

The pipe will be shipped directly to Sheet Harbor from the various supply
points, including Texas, Japan, Argentina and Mexico.

The 12-inch and 18-inch interfield flowlines will link the Venture and
North Triumph fields with the central facility at Thebaud. A 26-inch gathering
line will transport the natural gas to the onshore processing facility at
Goldboro, Nova Scotia.

SOE Inc. is owned by:
Mobil Oil Canada Properties Limited 50.8%
Shell Canada Limited 31.3%
Imperial Oil Resources Limited 9.0%
Nova Scotia Resources Limited 8.4%
Mosbacher Operating Limited .5%
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