Page 16: of Marine Technology Magazine (July 2008)

16 MTR July 2008

Bourbon 33 rue du Louvre, 75002 Paris, France

Tel.: +33 1 40 13 80 16 www.bourbon-online.com

CEO: Jacques de Chateauvieux

COO: Christian Lefèvre

CFO: Laurent Renard 2007 Revenue: $1.2 billion

Bourbon offers to the most demanding oil and gas clients worldwide a full line of new generation, innova- tive, high performance vessels and an expanded offer of subsea services. By 2012, Bourbon intends to become the leader in modern offshore oil and gas marine services.

Bourbon also protects the French coastline with its vessels chartered by the French Navy, and is developing its bulk transport business for industrial groups within long-term contract relations.

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.

With 4,300 professionals and a fleet of 236 owned ves- sels, Bourbon is present in more than 25 countries.

Each of the Bourbon Divisions is developing real expert- ise that combines quality of service, technological advances, professionalism and long-term relations with its contractors.

Subsea Services: The start of production of a number of deep offshore oil fields in the last decade has generated new and growing deepwater maintenance and repair needs. In this context, Bourbon has expanded its line of services by launching a new Offshore Activity named

Subsea Services, offering IMR services (Inspection,

Maintenance and Repair). Building on an initial success- ful experience in this segment in West Africa through its

MPSV fleet and its Engineering and Management sub- sidiary Bourbon Offshore Gaia, BOURBON has decided to expand both its line of services and its resources, com- pleting it with the expertise of DNT Offshore, a compa- ny that operates subsea robots for IMR, which was acquired in December 2007 and is recognized for the qualification of its team and the quality of its fleet of

Remotely Operated Vehicles (ROVs).

In order to keep pace with the strong growth in this new

Activity and strengthen the existing fleet of 11 vessels,

Bourbon has already placed orders for 19 vessels, includ- ing the latest order for a series of 10 GPA 696 IMR ves- sels for 450 million euros, whose design is specifically adapted to this type of operations. The Horizon 2012 plan also targets investment in its fleets of ROV's increas- ing the number from 7 to 21 units by 2012.

MTR100

CEO Jacques de Chateauvieux has helped to orchestrate the meteoric rise of the $1.2B Bourbon. (Photo Courtesy: Bourbon)

MTR#6 (1-16).qxd 7/17/2008 1:55 PM Page 18