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Perma-Pipe announces major contract in Saudi Arabia

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World Pipelines,

Perma-Pipe International Holdings, Inc. (PPIH) has announced its subsidiary Perma-Pipe Saudi Arabia LLC has been awarded a significant contract in excess of US$15 million by Italy’s Saipem S.p.A. for the provision of a thermal insulation system, field joints, and a leak detection system for two 55 km (110 km in total), 30 in. diameter, low sulfur fuel oil lines for Kuwait Oil Company’s (KOC) New Refinery Project in Kuwait. The project will utilise Perma-Pipe’s Xtru-Therm insulation system, a spray-applied polyurethane foam jacketed with a high density polyethylene casing. Perma-Pipe will also be involved with the field joint systems, as well as being responsible for the supply, installation, and commissioning of a leak detection system for the insulated pipelines. The project will begin execution in Perma-Pipe’s facilities in 4Q18 and will be completed in mid 2019.

Grant Dewbre, Senior Vice President for Perma-Pipe’s MENA region states, "We are very appreciative that Saipem placed their trust in Perma-Pipe to execute this project. We value our relationships with both Saipem and KOC and look forward to continuing our successful history of service to both companies. We will strive to exceed the expectations of our client and ultimate customer on this project."

President and CEO David Mansfield commented, "Perma-Pipe looks forward to serving Saipem and KOC on this project. We are pleased to see an increase in project opportunities in the Middle East, and excited about the region’s potential and serving our customers moving forward."

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