Van Oord to provide rock placement services for Nord Stream 2 project
Van Oord has signed a letter of intent (LoI) worth €250m in joint venture with Boskalis to provide rock placement services for the Nord Stream 2 project.
Nord Stream is an offshore natural gas pipeline that runs through the Baltic Sea from St Petersburg Region in Russia to Lubmin on the Baltic Coast in north-east Germany.
The pipeline has a total capacity of 55 billion cubic metres of natural gas a year.
Awarded by the project developer Nord Stream 2 AG, the contract is a part of the construction of the planned twin 1,200km gas pipelines.
Under the contract, Van Oord is required to install rock at specific locations along the pipeline route where the seabed is uneven and to protect pipelines.
Under the works, the company will source rock from quarries in the Baltic region.
Being carried out in a 50/50 partnership, the project will see the deployment of multiple specialised fallpipe vessels during 2018-19.
Van Oord was also involved in the first Nord stream project in 2010 and installed the pipeline landfalls near Vyborg in Russia.
So far, the total value of contracts awarded for the Nord Stream 2 project is more than €4bn.
More than 200 companies from 17 countries have won contracts to work on this energy infrastructure project.
Image: Subsea rock installation vessel Bravenes. Photo: courtesy of Van Oord.