Boskalis wins € 90 million worth of contracts in Nigeria
Papendrecht, 9 May 2011
Royal Boskalis Westminster N.V. has recently been awarded a number of contracts in Nigeria with a total value of approximately € 90 million.
The largest contract was awarded by Prodeco International Limited and involves dredging and reclamation works for the expansion of the Federal Lighter Terminal and the Federal Ocean Terminal in Onne Port, which is managed by Intels Nigeria Limited, a large logistic service supplier to the oil and gas industry.
Boskalis will reclaim approximately 180 hectares of land for the further development of the Onne Port Oil & Gas Free Zone. The material required for the reclamation works will be sourced from nearby creeks and rivers using a cutter dredger and a medium-sized hopper dredger. The project is set to commence mid-2011 and will last approximately two to three years.
Three other recently awarded projects in Nigeria are related to construction of riverbed protection works, maintenance dredging of canals and land reclamation works - all in the Niger Delta.
The Boskalis strategy is designed to benefit from the key macro-economic drivers that fuel global demand in our selected markets: global trade, increasing energy consumption, expanding population pressures and the challenges of changing climate conditions. These projects are driven by the need to expand port infrastructure to facilitate the export of oil and gas as well as to protect the shoreline from erosion.
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
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
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