Socotherm has been awarded an offshore contract in Vietnam for a total value of about USD 11 million through the subsidiary Socotherm Americas S.A.
Insulated and weight coated pipes will be laid in the offshore field of Cuu Long in the Vietnamese coast of the Southern China Sea, operated by “Hoan Vu Joint Operating Company”, and forming, with other three fields, an area which is expected to produce 700 million of barrels in 2010, opening a very interesting market in the sector of anticorrosion coatings. Coating works, that will be performed by APC Socotherm at Wollongong (Australia) facilities starting from 4Q07, are relating to Fusion Bonded Epoxy Anticorrosion Coating (POWDERKOTE®), Foam Polyurethane Insulation (THERMAPIPE ®) and Concrete Weight Coating (CONCRETKOTE ®) of about 51 km of 10-inch diameter pipes. Moreover the contract includes coating of fittings, anodes installation and field joints coating that will be performed on vessel during pipe laying operations.
