Date: February 23, 2007
Dredging company Royal Boskalis Westminster nv hereby announces that it has won a major energy-related contract in India. The project, which will be carried out for the Swiss based Allseas Group S.A., concerns the construction of a trench for pipelines to an offshore gas field in the Bay of Bengal. This gas field is developed by Reliance Energy for the supply of gas to an onshore terminal near the city of Kakinada. The project will be carried out in a joint venture with dredging company Dredging International nv. Its contract value is 125 million, the Boskalis share is 50%. The work will commence in September 2007 and completion is scheduled for June 2008.
The project concerns a trench 18 meters wide and 21 kilometers long, for the positioning of nine pipelines that will pass through the Godavari river for the mainland connection of the offshore field. Boskalis' activities in the project include the dredging of the trench in the sea- and riverbeds and the backfilling of the trench with sand and rock. The project will require the deployment of a large cutter suction dredger and three trailing suction hoppers.
This project in India is one of a series of large-scale energy driven projects on the global maritime infrastructure market. The market is driven by long-term factors, such as increases in the global population, the growth of the global economy and international trade volumes and the developments on the energy markets.
Royal Boskalis Westminster nv is an international group with a leading position in the world market for dredging services. Its core activities are the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. The company holds important home market positions in and outside of Europe and targets all market segments in the dredging industry. It also has positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). Boskalis has a versatile fleet of over 300 units and operates in over 50 countries across five continents. Including its share in partnerships, Boskalis has over 7,000 employees.
For further information please contact:
Roel Berends - Corporate Relations
Telephone: +31 (0)78 69 69 314 / +31 (0)6 2001 0232
Fax: +31 (0)78 69 69 805
This press release can also be found on our website www.boskalis.com.
For IR matters contact our Director of Investor Relations & Corporate Communications.
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