Boskalis subsidiary VBMS signs Preferred Bidder Agreement for Moray OWF East

Papendrecht, 26 October 2017

Royal Boskalis Westminster N.V. (Boskalis) subsidiary VBMS has signed a Preferred Bidder Agreement for the supply and installation of the inter-array cables for Moray Offshore Windfarm East (MOWE) in the UK. MOWE is a joint venture company owned by EDP Renewables (77%) and ENGIE (23%). The contract award is subject to financial close which is expected to take place in the second half of 2018.

The project scope includes the supply, installation and burial, as well as termination and testing of approximately one hundred 66kV inter-array cables. The project execution will commence at the start of next decade.

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
[e-mail]

Press:
Arno Schikker
[e-mail]

T [phone]

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 services including 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 oil and gas sector and offshore wind industry as well as salvage solutions (SMIT Salvage). Furthermore, Boskalis has a number of strategic partnerships in harbor towage and terminal services (Kotug Smit Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,700 employees, including associated companies, Boskalis operates in 90 countries across six continents.

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

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Source: Koninklijke Boskalis Westminster N.V. via Globenewswire