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Koninklijke Boskalis Westminster N.V. : Boskalis acquires combined seabed preparation and offshore installation contract in The

  Koninklijke Boskalis Westminster N.V. : Boskalis acquires combined seabed
      preparation and offshore installation contract in The Philippines

Papendrecht, 7 May 2013

Royal Boskalis Westminster N.V., has been awarded a contract by Shell
Philippines Exploration B.V. for the installation of an offshore Depletion
Compression Platform for the Malampaya Project off the coast of Palawan
Island, in the Republic of the Philippines. The contract includes seabed
preparation, rock installation, platform transportation and installation work
and has a contract value of approximately USD 60 million.

The project relates to the expansion of the Malampaya Gas Field by means of an
additional compressor platform next to the existing gas production platform.
The work, executed by Boskalis Offshore, comprises a number of different
offshore activities. To prepare the seabed for the installation of the
platform soils will be excavated to a level of sufficient bearing capacity and
deposited at a designated area. Gravel pads will be installed as foundation
for the platform footing. The rock involved will be sourced from local
Philippine quarries. Once this preparatory work has been concluded the
Depletion Compression Platform will be towed to the site, positioned and
installed by four heavy anchor-handling tugs (AHTs). To provide stability to
the platform iron ore gravel ballast will be placed in each of its four
footings immediately after the installation. The existing gas production
platform and the newly installed compression platform will be connected via a
permanent bridge. This bridge will also be placed by Boskalis Offshore and
marks the conclusion of the project.

For this project, which commences early 2014 and ends in late 2014, Boskalis
Offshore will deploy its new multi-purpose construction vessel Ndeavor, two
200 ton bollard pull AHTs and two 100 ton bollard pull AHTs. The Ndeavor,
which will be commissioned in the second half of 2013, plays a pivotal role in
this project by executing the seabed excavation and rock installation work, by
providing support during the installation of the platform as well as by
ballasting the footings of the platform and installing the permanent bridge
between the two platforms.

The Malampaya Deep Water Gas-to-Power Project is a joint venture of the
Philippine National Oil Company, Chevron and Shell Philippines Exploration
B.V. (SPEX, operator of the gas project). The gas from the field is
transported onshore by pipeline where it is being used as feedstock by a
number of power plants.

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. This project closely relates 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, heavy transport, lifting and installation
(through Boskalis Offshore and Dockwise) 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 15,600
employees.

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

FOR FURTHER INFORMATION

Investor Relations:

Martijn L.D. Schuttevâer

ir@boskalis.com

Press:

Arno Schikker

press@boskalis.com

T +31 78 6969310

F +31 78 6969020

PDF version of this press release

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