From Earlier: Aegion's Energy, Mining JV Wins Contracts in Middle East, Valued at $21M
Aegion Corporation (Nasdaq: AEGN) today announced that United Special Technical Services, LLC (“USTS”), a joint venture between United Pipeline Systems, Inc., a subsidiary of Aegion (“United”), and Special Technical Services LLC (“STS”) of Oman, was recently awarded multiple projects with a combined value of over $21 million (USD). These projects are located in Kuwait, Algeria, Bahrain and Oman. United owns a 51 percent interest and STS owns a 49 percent interest in the joint venture.
In Kuwait, USTS will supply and install United's proprietary Tite Liner^® system in over 230 miles of 4-inch to 30-inch diameter water injection pipelines. Work on this project is expected to begin in early 2013 and to be completed within 18 months.
The Algeria contract requires USTS to design and install a high-density polyethylene (HDPE) liner in nearly 10 miles of 8-inch diameter water disposal pipelines. This project will be the first time the Tite Liner^® system has been installed in Algeria.
The project in Bahrain will require USTS to perform the fusion and installation of approximately 40 miles of HDPE ring main headers to be used for water distribution throughout an oilfield.
The contracts in Oman involve the supply and installation of eight miles of HDPE liners in water injection and process pipelines ranging from 12-inches to 24-inches in diameter.
The projects in Algeria, Bahrain and Oman are expected to be completed by June 2013.
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