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BOURBON : "US$1.5 Billion For The Sale And Bareboat Charter Of 51 Vessels With ICBC Financial Leasing"

BOURBON operated a total fleet of 458 vessels, including supply vessels and crewboats, as of December 31, 2012.

 

About the "TRANSFORMING FOR BEYOND" action plan and the "ASSET SMART" financial strategy

"TRANSFORMING FOR BEYOND" is the last action plan which laid down the foundations for BOURBON's future growth plan beyond 2015 and is focused on 4 different directions :

  • " My BOURBON": a transparent and personalized customer relation platform to improve the common fruits of our working together.
  • " Under the flag of excellence": for all our staff this means growing and evolving together. What can BOURBON do for them? What does each of them want to do for BOURBON?
  • The "BOURBON way": striving for operational excellence and cost control by developing the existing tools.
  • " Asset smart": building a strong financial foundation through our investment strategy.

With regard to the financial aspect of "TRANSFORMING FOR BEYOND", the Board of Directors of BOURBON has approved the sale and bareboat chartering for 10 years of US$2.5 billion of new or existing vessels. The first phase of the program has been signed for up to 51 vessels and US$1.5 billion with ICBC Financial Leasing ( China).

Through  "TRANSFORMING FOR BEYOND" , BOURBON wants to enlarge the scope of achievable strategies beyond 2015 and be ready to deliver growth and value creation further.

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 ,  and it guarantees 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.

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