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Marine Log

October 25, 2007

Bourbon orders two MPSV's in France

Following a European bid tender, Bourbon has announced an order for two high-tech Multi Purpose Supply Vessels (MPSV) from French shipyard Socarenam of Boulogne-sur-Mer.

The design of these vessels is based on a conceptual design by Marine Assistance, Bordeaux, that will be developed by Marseilles nval architectural consultancy Bureau Mauric. Bourbon says "the experience of these two French companies in the concept of work vessels, has enabled them to come up with a vessel design adapted to the requirements of Bourbon's customers."

Christian Lefevre, Executive Vice President and Chief Operating Officer of BOURBON explains: "This order for two high-tech Multi Purpose Supply Vessels from a recognized French shipyard reflects our desire to offer our customers high-performance multi-purpose vessels combined with an excellent cost/delivery deadline ratio in line with our Horizon 2010 strategic plan. This contract is proof that French and European naval shipyards can be competitive and offer a solid performance. The choice of the Socarenam shipyard also reflects our desire to make investments and remain a major socio-economic player in France. BOURBON is pleased to be able to build vessels at controlled costs in France."

The two MPSV's to be built by Socarenam will be used to provide support in such offshore operations as the maintenance of oil facilities, production maintenance work and subsea inspections.

They will accommodate 103 persons under excellent conditions of comfort and safety. They will have diesel-electric propulsion and a redondant dynamic positioning system (Class 2). Moreover, the vessels have 8 anchors (compared with 4 normally found on this type of vessel) which, combined with the Dynamic Positioning technology, offer greater flexibility in operational positioning. Finally, these vessels have been designed with low draught to allow increased accessibility in shallow zones such as estuaries or rivers.

This order has been placed as part of Bourbon's Horizon 2010 plan intended to expand the fleet of offshore oil and gas marine service vessels. The two vessels will be delivered in the second half of 2009.

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