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 firstname.lastname@example.org Press: Arno Schikker email@example.com T +31 78 6969310 F +31 78 6969020 PDF version press release Image of Rockpiper ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Koninklijke Boskalis Westminster N.V. via Thomson Reuters ONE HUG#1666877
Koninklijke Boskalis Westminster N.V. : Boskalis acquires EUR 100 million offshore energy contracts
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