Koninklijke Boskalis Westminster N.V.: Boskalis joint venture VSMC awarded cable-laying contract for Sandbank Offshore Wind Farm

  Koninklijke Boskalis Westminster N.V.: Boskalis joint venture VSMC awarded
            cable-laying contract for Sandbank Offshore Wind Farm

Papendrecht, 13 August 2014

Royal Boskalis Westminster N.V. (Boskalis) announces that VSMC, its strategic
cable-laying joint venture with VolkerWessels, has been awarded a contract by
Sandbank Offshore Windfarm GmbH (a joint venture of energy companies
Vattenfall and Stadtwerke München). The scope of work for VSMC includes cable
supply, CPS, installation, post lay burial and termination and testing of 76
infield cables. The total contract value to VSMC is EUR 90 million. The
project execution is scheduled to start in August 2015 and will be completed
by mid 2016.

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 is closely related to
the development of generating renewable energy due to climate change and
increasing energy consumption.

For further information

Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com

Press:
Arno Schikker
press@boskalis.com

T +31 78 6969310

This is an English translation of the Dutch press release. In the event of any
disparity between the Dutch original and this translation, the Dutch text will
prevail.

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 a strategic partnership in terminal services (Smit
Lamnalco). With a versatile fleet of 1,000 units Boskalis operates in around
75 countries across six continents. Including its share in partnerships,
Boskalis has 11,000 employees.

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

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pdf version press release

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Source: Koninklijke Boskalis Westminster N.V. via Globenewswire
HUG#1848396
 
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