Van Oord/Boskalis JV awarded rock placement dealContracts, Tenders and Rates // July 17, 2017
Van Oord has been awarded a Letter of Intent (LoI) in joint venture with Boskalis for rock placement services for the Nord Stream 2 gas pipeline project.
The award was made by the project developer Nord Stream 2 AG and is a part of the construction of the planned twin 1,200km gas pipelines through the Baltic, connecting Russia to Europe. The contract value is approximately Euros 250 million, with a 50 per cent share for Van Oord and Boskalis. Contract details are expected to be finalised in the next few weeks.
Rock needs to be installed at locations along the pipeline route to level the seabed and to protect the pipelines. The contract scope includes the sourcing of rock from quarries in the Baltic region. The project will be executed in a 50/50 partnership and multiple specialised fallpipe vessels will be deployed in the period 2018-2019.