Nord Stream 2 and Joint Venture Boskalis-Van Oord Sign a Letter of Intent for Rock Placement

  • Dutch Joint Venture Boskalis-Van Oord secures contract for rock placement
  • More than 200 companies from 17 countries now contracted to work on the international energy infrastructure project

July 13, 2017 | Zug, Switzerland | Project developer Nord Stream 2 AG has signed a Letter of Intent with the Dutch joint venture Boskalis-Van Oord to provide rock placement services as part of the construction of the planned twin 1,230-kilometre Nord Stream 2 natural gas pipelines through the Baltic Sea. Contract details are expected to be finalised in the next few weeks. Based on the current scope, the contract amount is expected to be approximately 250 million euros.

The contract will cover rock placement sourcing rock from the Baltic Sea region and using specialised vessels to place rock that meets specific engineering and environmental criteria. Rock is needed to be placed before and after construction for pipeline’s support at precisely located places along the pipeline route where the seabed is uneven.

Joint Venture Boskalis-Van Oord will join the more than 200 companies from 17 countries to have won contracts to work on this complex international energy infrastructure project. One member of the joint venture, Royal Boskalis Westminster N.V. provided similar rock placement services for the first Nord Stream project, which has been fully operational since 2012. The other member of the joint venture, Van Oord, installed the pipeline landfalls near Vyborg in Russia for the first Nord Stream project in 2010.

The total value of contracts so far awarded on the Nord Stream 2 project is more than four billion euros. The project is progressing according to schedule.

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