BOURBON : BOURBON celebrates delivery of the 500th vessel
June 25 2014 - 1:04AM
PARIS, June 25, 2014 (GLOBE NEWSWIRE) --
- BOURBON celebrates delivery of the 500th vessel, placing the
group at the head of the world's largest fleet of vessels
operated[1] for the offshore marine services industry
BOURBON announces the entry into service of the
500th vessel - the Bourbon Evolution 806, the 6th vessel of the 1st
series of IMR[2] vessels for the offshore industry. BOURBON thus
ranks among the world's leading groups for the offshore marine
services industry.
This delivery validates BOURBON's strategic
decision to focus on achieving economies of scale through
standardization and construction in series, thus offering its
customers a reliable innovative fleet with optimized service
quality: "We are delighted with the delivery of this 500th vessel,
which reflects our commitment to provide the means to continue our
development and to best serve the needs of our clients. We are now
realizing the fruits of seeds sown over several years when we
invested in a series of standardized vessels to achieve a global
leadership position in our market." asserts Gael Bodénès, Chief
Operating Officer.
With a fleet of 500 vessels averaging 6.3 years
of age, BOURBON operates worldwide with over 11,000 employees
providing local services through 28 operating affiliates who ensure
commercial and contractual relationships, as well as local
technical support on-site, close to operations. By year-end 2015,
the delivery of the 34 vessels under construction will make the
fleet even larger and better able to serve the most demanding
customers.
BOURBON'S standardization policy is best
illustrated by the success of its series of vessels:
- The Bourbon Liberty series: By the end of 2014, the
fleet will include 111 next-generation Bourbon Liberty vessels
offering high standards of quality and performance. They have a
proven client track record, thanks to their embedded technologies
such as the class 2 dynamic positioning system, backup equipment,
cargo capacity and the optimization of fuel consumption.
- The Bourbon Evolution 800 series: With the delivery of
the 500th vessel, BOURBON currently has 6 Bourbon Evolution vessels
in operation (and 4 more under construction) in this 1st series of
IMR vessels positioned within the deepwater offshore market. With a
class 3 dynamic positioning system, these highly reliable vessels
have outstanding maneuverability and their backup equipment
guarantees optimum safety.
- The seismic support vessel series: BOURBON has pioneered
the 1st series of 6 seismic support vessels, custom designed for
CGG that allows the provisioning of fuel, equipment and personnel
to seismic vessels ensuring the safety of their operations. 4
vessels are already fully operational.
- The Bourbon Explorer 500 series: This is a new series of
20 PSV vessels launched in 2014, 4 of which are already in
operation. Their cargo capacity is a real added value, as they have
been optimized to supply modern drilling equipment with a large
carrying capacity of slurry (drilling lubricant) of 1,500 m3.
They can also carry up to 50 people, offering the customer
additional accommodation capacity on the oil fields.
As part of its growth strategy, BOURBON not only
focuses on construction in series, but also on centralizing
maintenance and personnel's training via a structured industrial
organization.
- BOURBON Repair Centers: Pooling the fleet's technical support,
carried out by the Group at the local level makes it possible to
provide all subsidiaries with the necessary technical specialists
and parts inventories, with 6 BOURBON Repair Centers deployed close
to their operations.
- Standard exchange: Thanks to its Plug & Play standard
exchange system BOURBON is able to replace all of its propulsion
units with new or reconditioned components, thus eliminating the
need for the vessel to remain in the repair center. Standard
replacements reduce repair time to the strict minimum.
- BOURBON Training Centers: BOURBON's 15 Training Centers
contribute to standardizing the company's worldwide training
efforts for all crews. As the fleet becomes more and more
standardized, specific training programs have been put together to
perfectly meet the safety requirements and the quality of service
provided to the customer.
The vessels standardization policy and
centralization of maintenance allow BOURBON teams to ensure
customers operational continuity as well as achieving high levels
of technical availability of 94.5% in 2013.
Among the market leaders in marine services for
offshore oil and gas, BOURBON offers the most demanding oil and gas
companies a wide range of marine services, both surface and
sub-surface, for offshore oil & gas fields and wind farms.
These extensive services rely on a broad range of the
latest-generation vessels and the expertise of more than 11,000
skilled employees. Through its 28 operating subsidiaries the Group
provides local services as close as possible to customers and their
operations throughout the world, of the highest standards of
service and safety.
BOURBON provides two operating Activities
(Marine Services and Subsea Services) and also protects the French
coastline for the French Navy.
In 2013, BOURBON'S revenue came to €1.312
billion and the company operated a fleet of 498 ships as of March
31, 2014. Under the "BOURBON 2015 Leadership Strategy" plan, the
Group has built a vast fleet of innovative, high-performance mass
produced offshore vessels.
The latest action plan "Transforming for
beyond", financially provides for the sale of existing vessels or
those under construction totaling $2.5 billion and then chartering
these bareboat vessels over a period of 10 years. The first part of
the program involved a contract for 51 vessels worth $1.5 billion
with ICBC Financial Leasing. Through the "Transforming for beyond"
action plan, BOURBON intends to expand its strategic scope to new
possibilities beyond 2015 ensuring the creation of future value
growth.
Placed by ICB (Industry Classification
Benchmark) in the "Oil Services" sector, BOURBON is listed on the
Euronext Paris, Compartment A.
BOURBON
Investor Relations, analysts, shareholders
James Fraser, CFA +33 (0)4 91 13 35 45
james.fraser@bourbon-online.com
Corporate Communications
Christelle Loisel +33 (0)1 40 13 86 06
christelle.loisel@bourbon-online.com
Media relations agency Publicis Consultants
Jérôme Goaer +33 (0)1 44 82 46 24
jerome.goaer@consultants.publicis.fr
Véronique Duhoux +33 (0)1 44 82 46 33
veronique.duhoux@consultants.publicis.fr
Vilizara Lazarova +33 (0)1 44 82 4634
vilizara.lazarova@consultants.publicis.fr
[1] Vessels owned or on bareboat charter [2] Inspection,
Maintenance and Repair of subsea infrastructure
Bourbon http://hugin.info/159569/R/1801331/620883.pdf
HUG#1801331
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