The joint venture will establish a pipe coating facility in the Arkhangelsk Region, Russian Federation that will provide advanced concrete weight coating services for the budding northern Russia offshore pipeline market.
The joint venture involves the formation of a company – owned 75 per cent by OOO ArkhTekhnoProm and 25 per cent by Bredero Shaw – to provide concrete coating services at a facility located at the Port of Arkhangelsk in the Russian Federation. Bredero Shaw will lease one of its mobile concrete coating plants to the joint venture company and will operate the plant under a technical services agreement for an initial period of four years.
The first contract to be carried out by the joint venture involves concrete weight coating of 48 inch diameter pipe for a pipeline crossing of Baydaratskaya Bay from the Yamal peninsula.
This project will commence during the second quarter of 2010.