BATON ROUGE, La.--(BUSINESS WIRE)--Feb. 18, 2005--
Shaw Nass Middle East Ltd. Will Provide All Pipe and Support
Fabrication For One of the Largest Gas Processing Plants
The Shaw Group Inc. (NYSE:SGR) today announced that its
50-percent-owned affiliate, Shaw Nass Middle East Ltd., located in
Bahrain, was awarded a pipe fabrication contract to supply all
industrial pipe requirements for Dolphin Energy Ltd.’s new gas
processing plant in Qatar. Shaw was awarded the contract for
fabrication of approximately 37,000 metric tons (41,000 short tons) of
pipe by Japan Gas Corporation (JGC), the construction contractor for
the facility. Scheduled to be completed in 2006, the new plant will be
one of the largest gas processing facilities with an initial capacity
to process 2 billion cubic feet of natural gas per day.
J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw,
said, “This is a very important project for Shaw and our Shaw Nass
joint venture. We were chosen for this project because of our proven
capabilities to furnish complete pipe systems on-budget and on-time.
When completed, this project will rank as one of the largest single
fabrication projects in our company’s history. The project also
provides a substantial base load of work from which we can consider
expanding our capabilities in the Middle East for emerging
opportunities there in the process industry.”
The Dolphin Energy plant is being constructed in Ras Laffan, Qatar
by Dolphin Energy Ltd., a consortium of the Abu Dhabi Government,
TOTAL France, and Occidental Petroleum Corporations USA (NYSE:OXY).
The plant will receive wet gas from Dolphin’s facilities in Qatar’s
offshore North Field, and will remove hydrocarbon liquids (including
condensate and NGL products) for processing, marketing and sale. The
resulting dry gas will be compressed for transportation through
Dolphin’s export pipeline to the United Arab Emirates.
About JGC Corporation
JGC Corporation is an international engineering and construction
company based in Yokohama, Japan, having multiple operating centers
and executing large scale projects worldwide.
About Shaw
Shaw is the largest single fabricator of complex industrial piping
systems in the United States and is the one of the largest fabricators
that maintains the prestigious ASME “NPT” stamp certification to
assemble piping systems for nuclear generating stations. The Company
has fabrication operations in the United States, Canada, South
America, the Middle East and China providing a combined production
capacity unmatched in the industry. In addition to Shaw, A.A. Nass
Group holds a 50-percent interest in Shaw Nass, which has been
operating in Bahrain since 1994.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities management
services for government and private sector clients in the power,
process, environmental, infrastructure and emergency response markets.
A Fortune 500 company with revenues over $3 billion, Shaw is
headquartered in Baton Rouge, Louisiana, and employs approximately
18,000 people at its offices and operations in North America, South
America, Europe, the Middle East and the Asia-Pacific region. For
further information, please visit the Company’s website at
www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for certain forward-looking statements. The statements
contained herein that are not historical facts (including without
limitation statements to the effect that the Company or its management
“believes,” “expects,” “anticipates,” “plans,” or other similar
expressions) and statements related to revenues, earnings, backlog, or
other financial information or results are forward-looking statements
based on the Company’s current expectations and beliefs concerning
future developments and their potential effects on the Company. There
can be no assurance that future developments affecting the Company
will be those anticipated by the Company. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions and are subject to change
based upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. A description of some of the risks and uncertainties that
could cause actual results to differ materially from such
forward-looking statements can be found in the Company’s reports and
registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on the
Company’s website under the heading “Forward-Looking Statements”.
These documents are also available from the Securities and Exchange
Commission or from the Investor Relations department of Shaw. For more
information on the company and announcements it makes from time to
time on a regional basis visit our website at www.shawgrp.com.
CONTACT:
The Shaw Group Inc., Baton Rouge
Chris D. Sammons
225-932-2546
SOURCE: The Shaw Group Inc.