BOURBON (EPA:GBB) Bourbon : Delivery of the Bourbon Evolution 803

Transparency directive : regulatory news

26/02/2013 18:28

PRESS RELEASE

                                                   Paris, February 26th 2012

                BOURBON takes delivery of the Bourbon Evolution 803,
            the 3rd vessel in the 1st large IMR series for the offshore
                                     industry

  A series of vessels designed to operate in complete safety at depths of 3000
        meters. The first two sisterships already operate in West Africa.

Resource exploration is going into increasingly deep waters and the new
milestone for oil and gas marine industry operations is now at 2,500 to 3,000
meters. To meet this requirement, BOURBON has ordered a large series of 10 IMR
(Inspection, Maintenance, Repair) vessels called Bourbon Evolution 800.

"The series of 10 Bourbon Evolution 800 vessels means BOURBON can provide
clients with a new generation of versatile vessels devoted to subsea
operations. They are designed to meet future challenges in the offshore oil
sector and operate at depths of 3,000m in complete safety. These vessels
provide a variety of services in operational and economic harmony with the
deep offshore market," says Christian Lefèvre, Managing Director of BOURBON.

"The Bourbon Evolution 800 vessels are in line with the BOURBON strategy for
fleet standardization and management optimization as pro ved by the successful
choice of diesel-electric propulsion system on the Bourbon Liberty series, 2
large cranes that can work simultaneously and DP3 dynamic positioning."

Encouraging results for the first in the series, the Ungundja

The first vessel in the series, the Ungundja, has been operating in Angola
since December 2011. Total E&P Angola has said it has "really added value to
offshore operations as, they are more numerous and meticulous and they require
larger lifting systems." After over a year of operations, the vessel installed
numerous jumpers and christmas trees on the Dalia and Pazflor fields as well
as other standout operations.

The Bourbon Evolution 802 joined the fleet in September 2012 and operates off
the coast of Nigeria. Most recent addition to the series and delivered at the
end of January 2013, the Bourbon Evolution 803 will soon operate in Malaysia.

Optimized vessels to meet client requirements

The Bourbon Evolution 800 vessels have seen BOURBON launch a series that
satisfies oil company requirements in terms of operational excellence, risk
management and cost optimization in the deep offshore market:

* Increased level of redundancy for improved reliability

  The installed equipment's redundancy enables vessels in the series to safely
  provide business continuity on behalf of the customer.

  The series vessels have 7 diesel-electric generators, 2 machine rooms, 2
  electric rooms, 2 VSAT communication systems, 2 cranes that can work
  simultaneously, 3 stern propellers and 3 bow propellers.

* Better maneuverability for completely safe operations

  The Bourbon Evolution 800 vessels provide the highest level of dynamic
  positioning (DP3) in addition to 6 propellers on each vessel.

* Interior layout designed for client comfort

  In addition to the excellent work and relaxation conditions in the cabins,
  the Bourbon Evolution 800 vessels are unique in providing clients with a
  dedicated deck featuring all the features required for optimized management:
  IT and communication system and wide view of operations.

* Reduced operations costs

The Bourbon Evolution 800 vessels are equipped with a diesel-electric
propulsion system, particularly economical for offshore operations, whose
7 diesel-electric generators provide intelligent and improved energy
management thus saving fuel.

The series was designed to provide a range of operational configurations e.g.
to accommodate over 200 people (floatel), support well intervention operations
(wireline) and well testing operations (well-testing).

"Stand-by" firefighting and anti-pollution functions

The Bourbon Evolution 800 series' original configuration enables it to combat
fire and pollution. The "stand-by" functions enable vessels to fight fire,
rescue people from the water and deploy floating barriers to isolate
hydrocarbons in the water and store them in the holds.

Senior Vice President Business Management Subsea Services Patrick Belenfant
says: "The trust our clients have shown us in our first three sisterships from
the Bourbon Evolution 800 series proves that BOURBON's range of subsea
services is in line with their requirements in terms of safety, reliability
and cost".

You can find further information about the Bourbon Evolution 800 on their
webpage

About BOURBON
BOURBON offers the most demanding oil and gas companies a comprehensive range
of surface and subsea marine services for offshore oil and gas fields and wind
farms, based on an extensive range of latest-generation vessels. The Group
provides a local service through its 27 operating subsidiaries, close to
clients and their operations, guaranteeing the highest standards of service
quality and safety worldwide.

BOURBON has two Businesses (Marine Services and Subsea Services) and also
protects the French coastline for the French Navy.

Under the "BOURBON 2015 Leadership Strategy" plan, the Group is investing in a
large fleet of innovative and highperformance offshore vessels built in
series.

In 2012, BOURBON posted revenues of EUR1.187 billion and operated a fleet of
458 vessels as of December 31, 2012. Classified by ICB (Industry
Classification Benchmark) in the "Oil Services" sector, BOURBON is listed for
trading on Euronext Paris, Compartment A, participates in the Deferred
Settlement Service ("SRD") and is included in the SBF 120 and CAC Mid 60
indices.

CONTACT

Publicis Consultants
Jérôme Goaer        (00 33) (0)1 44 82 46 24 -
                    jerome.goaer@consultants.publicis.fr
Véronique Duhoux    (00 33) (0)1 44 82 46 33 -
                    veronique.duhoux@consultants.publicis.fr

BOURBON
Investor Relations - Analysts - Shareholders
Patrick Mangaud     (00 33) (0)1 40 13 86 09 -
                    patrick.mangaud@bourbon-online.com
Communications
Christa Roqueblave  (00 33) (0)1 40 13 86 06 -
                    christa.roqueblave@bourbon-online.com

                    www.bourbon-online.com

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BOURBON (EPA:GBB) Bourbon : Delivery of the Bourbon Evolution 803

Transparency directive : regulatory news

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