Koninklijke Boskalis Westminster NV: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Koninklijke Boskalis Westminster NV Lands EUR 200 Million Offshore Project For Ichthys, Australia
Koninklijke Boskalis Westminster NV announced that it has received a letter of award from Saipem in relation to the offshore project for the Ichthys gas export pipeline development near Darwin, Northern Australia. The project value to the Company amounts to approximately EUR 200 million. INPEX is the main developer of the Ichthys project and the Company will work on behalf of Saipem (Portugal) Comércio Marítimo. The Ichthys development revolves around the construction of a new 42-inch deep sea natural gas pipeline from the Ichthys field in the Browse Basin 880 kilometers to Darwin onshore. The pipeline will run through the Darwin harbor, requiring dredging services in the near shore area, rock installation and the construction of a landfall. For the Company, the contract entails dredging an 18 kilometers pipeline trench in which the gas pipeline will be laid, a pipe-pull over a distance of approximately 3,000 meters and the installation of a protective layer of rock after the pipeline has been laid. A cofferdam and winch platform will be constructed at the waterline edge to build the landfall. Work is set to commence mid 2013 and is expected to be completed by mid 2015. For the pipeline trenching and landfall construction, the Company will deploy two backhoe dredging vessels. The rock for the post-lay installation will be sourced from a local quarry and will be placed using side stone dumping vessels.
Latest Developments for Koninklijke Boskalis Westminster NV
- Koninklijke Boskalis Westminster NV to acquire Fairmount
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- Koninklijke Boskalis Westminster NV Raises FY 2013 Net Profit Guidance Above Analysts' Estimates
- Koninklijke Boskalis Westminster NV Completes Sale of Dockwise Yacht Transport Activities
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