Perma-Pipe International Holdings Announces US Gulf of Mexico Project Award
07 Marzo 2023 - 11:30PM
Business Wire
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today
announced it has been awarded a contract in excess of $9 million.
The contract is for the Winterfell Project in the US Gulf of Mexico
for Beacon Offshore Energy LLC (Beacon). The project will be
executed at Perma-Pipe’s facility in the Port of Iberia, Louisiana
in the latter part of 2023 and will be completed before the end of
the year.
The newly awarded project involves the application of
Perma-Pipe’s FLOW-THERM® subsea wet insulation to the flowline that
forms a part of Beacon’s Winterfell Project, located in the US Gulf
of Mexico at a water depth of approximately 5,800 feet (1,600
meters). FLOW-THERM® has an extensive track record and has been
used on projects having a water depth up to 10,000 feet (3,000
meters). FLOW-THERM® is a recognized and trusted insulation
solution in the oil & gas industry which has been in use for
almost 20 years.
Alan Morrison, General Manager for Perma-Pipe’s offshore
business unit commented, “We would like to thank Beacon for the
trust they have placed in us and will exceed Beacon’s expectations
during the execution of the project.”
Grant Dewbre, COO and Senior Vice President for Perma-Pipe’s
Americas region stated, “We are excited to be working for Beacon, a
new customer for us, who we very much hope will be a repeat
customer in the near future. We will ensure that Beacon’s schedule
is met while delivering our products with the highest standards of
quality and safety being adhered to at all times.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a
global leader in pre-insulated piping and leak detection systems
for oil and gas, district heating and cooling, and other
applications. It uses its extensive engineering and fabrication
expertise to develop piping solutions that solve complex challenges
regarding the safe and efficient transportation of many types of
liquids. In total, Perma-Pipe has operations at thirteen locations
in six countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20230307006027/en/
Perma-Pipe International Holdings, Inc. David
Mansfield, President and CEO
Perma-Pipe Investor Relations 847.929.1200
investor@permapipe.com
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