Koninklijke Boskalis Westminster N.V. : Boskalis acquires EUR 100 million offshore energy contracts

  Koninklijke Boskalis Westminster N.V. : Boskalis acquires EUR 100 million
                          offshore energy contracts

Papendrecht, 21 December 2012

Royal Boskalis Westminster N.V. (Boskalis) has acquired two offshore
energy-related contracts in Scandinavia with a combined value of around EUR
100 million.

Boskalis Offshore has been awarded in joint venture a contract by the
international energy company Statoil for various rock installation works up to
600 meters water depth in the North Sea and the Norwegian Sea. The work
comprises preparing the seabed for the installation of pipelines and other
structures on the sea floor as well as the installation of post-lay rock
berms. This will involve the deployment of fallpipe vessels, including the
Rockpiper, which are expected to process in excess of four million tons of
rock sourced from Norwegian quarries. Work is scheduled to commence in 2013
and to be completed at the end of 2015.

In addition, Boskalis Offshore has been awarded a subsea contract for the Dan
Bravo Rationalisation (DABRAT) project for Maersk Oil in the Danish section of
the North Sea. The project involves both the preparation and construction work
to the Dan A and Dan B offshore oil production facilities. Two Diving Support
Vessels, Protea and Constructor, will be deployed to execute this subsea work.
Depending on the water depth both saturation diving and air diving will be
used. In addition, various tasks will be executed using Remotely Operated
Vehicles. The work will take place in 2013 and 2014.

Boskalis' strategy is aimed at benefitting from key macro-economic factors
which drive worldwide demand in our markets: expansion of the global economy,
increase in energy consumption, global population growth and the challenges
that go hand in hand with climate change. These projects are closely related
to the increasing energy consumption.

Royal Boskalis Westminster N.V. is a leading global services provider
operating in the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round solutions to
infrastructural challenges in the maritime, coastal and delta regions of the
world with the construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition, Boskalis
offers a wide variety of marine services and contracting for the offshore
energy sector including subsea, transport and heavy lift (through Boskalis
Offshore) and towage and salvage (through SMIT). It also has strategic
partnerships in the Middle East (Archirodon) and in terminal services (Smit
Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in
around 75 countries across six continents. Including its share in
partnerships, Boskalis has approximately 14,000 employees.

This press release can also be found on our website www.boskalis.com.

For more information

Investor Relations:
Martijn L.D. Schuttevâer

Arno Schikker

T +31 78 6969310
F +31 78 6969020
PDF version press release
Image of Rockpiper


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Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE
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