Smit Lamnaico Wins Marine Services Contract

Press Release
Tuesday, June 26, 2012

Boskalis subsidiary Smit Lamnaico wins Esso Highland contract to provide marine services at Papua New Guinea's new LNG terminal

Royal Boskalis Westminster N.V. (Boskalis) announces that its associated company Smit Lamnalco has been awarded a 10-year contract with additional extension options by Esso Highland (a subsidiary of ExxonMobil) for providing terminal services at the Papua New Guinea liquefied natural gas (PNG LNG) export terminal near Port Moresby. The total contract value is USD 120 million (Boskalis share USD 60 million) and services will commence mid-2014.

The PNG LNG export terminal is part of a larger integrated LNG production, processing and liquefaction project which started following the discovery of three major gas field in Papua New Guinea. Both the offshore and onshore infrastructure is currently under construction and expected to be operational in 2014.

Smit Lamnalco will provide towage and marine support services for LNG vessels at the terminal for which it will invest in 4 new 65 ton bollard pull tugboats.

Boskalis say that the signing of this contract reflects the strength of Smit Lamnalco as a leading provider of terminal services and its success in offering high quality services at competitive terms. With the development of numerous large scale commodity export facilities in Australasia, Smit Lamnalco intends to further expand its global offering of terminal services.


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