Press release

Papendrecht, 4 November 2010

Royal Boskalis Westminster N.V. has been awarded three contracts on the African subcontinent with a total value of approximately € 100 million.

The largest contract was awarded in Nigeria by Saipem and involves dredging and equipment maintenance support work for an operational oil facility. Two other recently awarded projects located in Morocco and the Republic of the Congo are port-related.

Nigeria, refurbishment of water station
Boskalis has been awarded a contract by Saipem Contracting Nigeria Limited in the Olero Creek in Delta State, about 200 kilometers northwest of Port Harcourt. The flow stations system at Olero Creek consists of four barge-mounted processing modules to separate oil and gas from a well. Boskalis will refurbish one of the four stations, the North Water Station, which it will tow to its own maintenance yard.  Boskalis will also conduct piling work and sand pad reinstatement works in preparation for the reinstallation of the water station.

Through its local company, Nigerian Westminster Dredging & Marine Limited, Boskalis will work closely with the main contractor Saipem. Boskalis will use its own local resources to execute the project which is scheduled to be completed within 18 months. Key equipment which will be utilized includes a cutter suction dredger, a crane barge and dry earthmoving equipment.

Morocco, extension Tangier port
Boskalis has been assigned the contract for the extension of the port of Tangier, Morocco. The contract was awarded by BSTM, a consortium working on behalf of Tangier Mediterranean Special Agency. The project involves backfilling an area behind quay walls with approximately 5 million m3 of borrow material that will be sourced offshore using large-sized trailing suction hopper dredgers. The project is set to commence mid-2012 and will last approximately five months.

Republic of the Congo, protection port of Pointe Noire
In the Republic of the Congo, Boskalis will extend the existing breakwater of the port of Pointe Noire and execute shore protection works. The client is the Port Authority of Pointe Noire. The breakwater will require 250,000 tons of rock material sourced from local quarries and 25,000 tons of X-blocs. The project, starting in the fourth quarter of 2010 and running for approximately two years, will be executed primarily with dry earthmoving equipment.

The Boskalis strategy is designed to benefit from the key macro-economic drivers that are fueling global demand in our selected markets: the growth in global trade, increasing energy consumption, expanding population pressures and the challenges of climate change. The project in Nigeria emphasizes the need for infrastructure in order to accommodate the strong demand for energy resources. The port projects are driven by the need to cater for larger vessels and future trade volumes.

 

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. We provide creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. We offer a wide variety of marine services through SMIT and we have positions in strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). The company holds important home market positions in and outside of Europe. Boskalis has a versatile fleet of over 1,000 units and operates in over 65 countries across six continents. Including its share in partnerships, Boskalis has approximately 14,000 employees. Boskalis celebrates its 100th anniversary in 2010.

For further information please contact:

Martijn L.D. Schuttevâer
Director of Investor Relations & Corporate Communications
Telephone:           +31 78 69 69 822 / +31 6 200 10 232
Telefax:                 +31 78 69 69 020               
E-mail:                   m.l.schuttevaer@boskalis.nl

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

 

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