BOURBON (EPA:GBB) BOURBON now owns 100% of the share capital of its subsidiary Delba Maritima Navegaçao and confirms its intention to continue its expansion on the Brazilian market in offshore oil and gas marine services

Transparency directive : regulatory news

04/03/2010 19:00

Paris, March 4, 2010,

         BOURBON now owns 100% of the share capital of its subsidiary
Delba Maritima Navegação and confirms its intention to continue its expansion
       on the Brazilian market in offshore oil and gas marine services

BOURBON and Delba Maritima Navegação signed takeover agreements for the
Brazilian company on December 29, 2009. BOURBON is now the 100% owner of its
subsidiary.
This acquisition was made at the request of BOURBON's historic partner in the
joint-venture, who wished to withdraw from Delba Maritima Navagação. BOURBON
is taking this opportunity to consolidate its medium and long-term position in
Brazil.
In a spirit of continuity, the operational management and organization of the
subsidiary remain unchanged.

"Through its Brazilian subsidiary, BOURBON can now offer the full breadth of its
services locally and the Group is thus in an excellent position to respond to
the requirements of the Brazilian market," says Christian Lefèvre, Executive
Vice President of BOURBON, in charge of Operations.
"With a production of 2 million barrels per day in 2009, over 12 billion barrels
of proven reserves, and an investment program of USD 105 billion over 5 years
announced by our client Petrobras, we plan to seize new commercial opportunities
and consolidate investments to meet the challenge of Brazilian growth, both in
continental and deepwater offshore".

About Delba Maritima Navegação

1970 : Creation of Delba Maritima Navegação
2001 : BOURBON and the founders of Delba Maritima Navegação set up a 50/50
joint-venture, in the "genuine partnership" spirit that the Group establishes to
develop its presence around the world.
2009 : Over 500 employees, based in 5 locations, operate a fleet of 16
vessels.
2010 : Delba Maritima Navegação becomes a wholly-owned subsidiary of
BOURBON.

About BOURBON

BOURBON offers a broad range of offshore oil and gas marine services. Under its
Horizon 2012 strategic plan BOURBON intends to become the leader in modern
offshore oil and gas marine services by offering the most demanding clients
worldwide, a full line of innovative, high performance and newgeneration vessels
and a modular offer of Inspection, Maintenance and Repair services, with the
launch of its new "Subsea Services" Activity.
BOURBON also specializes in bulk transport and protects the French coastline for
the French Navy. Classified by ICB (Industry Classification Benchmark) in the
"Oil Services" sector, BOURBON is listed for trading on Euronext Paris,
Compartment A, and is included in the Deferred Settlement Service SRD and in the
SBF 120 and Dow Jones Stoxx 600 indices.

Contacts
Publicis Consultants / Press relations
Stéphane Chery    +33 (0)1 57 32 85 63  stephane.chery@consultants.publicis.fr
Elodie Woillez    +33 (0)1 57 32 86 97  elodie.woillez@consultants.publicis.fr

BOURBON
Investors - Analysts - Shareholders Relations
Patrick Mangaud   +33 (0)1 40 13 86 09   patrick.mangaud@bourbon-online.com

Communications Department
Christa Roqueblave +33 (0)1 40 13 86 06 christa.roqueblave@bourbon-online.com

                            www.bourbon-online.com

                   All information on www.bourbon-online.com

BOURBON's latest news

12/02/2020 11:21

BOURBON (EPA:GBB) BOURBON now owns 100% of the share capital of its subsidiary Delba Maritima Navegaçao and confirms its intention to continue its expansion on the Brazilian market in offshore oil and gas marine services

Transparency directive : regulatory news

BOURBON's latest news

Other stories