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    Bourbon orders again - now has 110 OSVs on order

    News // March 1, 2007

    Bourbon Offshore is expanding its fleet again with more orders for new generation, innovative vessels to serve oil industry clients worldwide.

    Following on from orders announced earlier, Bourbon has announced orders for a series of three modern OSVs totalling some 46 units worth €560 million (US$730 million) from the Sinopacific shipyards in China (44 vessels) and West Atlantic Shipyard in Nigeria (2 vessels).

    The two series are based on the same GPA designs ordered by Bourbon in April 2006, and include 28 GPA 254 AHTS and 14 GPA 654 PSVs.

    "All the new vessels are principally intended for the replacement market, operating in the continental offshore in which more than 400 vessels now in service will be over 30 years old by 2010," said Bourbon, noting that the characteristics of the new vessels will also make them excellent additional supply vessels for deepwater offshore operations.

    "They are all equipped with diesel electric propulsion, DP 2 and FiFi 1 and are designed to optimize the carrying capacity of various products," said Bourbon.

    Also orders is a series of four Ulstein PX105 MACS PSVs of 4,400 tons deadweight. These 88.8m long vessels with the Ulstein X Bow will also have the PG Marine PG-MACS multipurpose cargo system.

    "This new series is the culmination of the optimization of the design of the P105 and PX105 models, four of which are under construction for Bourbon, while four others have already proven their operational value in the Bourbon fleet since 2005," said the company.

    Equipped with diesel electric propulsion, DP 2 and FiFi 1, this series is 'clean design' certified and meets the highest standards of protection of the environment and comfort.

    The series includes two major innovations: the positioning of engine exhaust on the water line, which does away with the funnel thus allowing a 360° panoramic view from the bridge, and the PG Marine Multi Application Cargo Solution (PG MACS) system, which increases storage capacity in the hold and enables different types of cargo to be stored.

    With these additional 46 vessels, Bourbon Offshore has a total of 110 supply vessels on order.

    Deliveries will continue until September 2011.

    Christian Lefèvre, Executive Vice President and Chief Operating Officer of Bourbon, said: "These orders are strategic because they will allow Bourbon to affirm its leading position in modern offshore with a multi-purpose fleet adapted for safety, manoeuvrability, environmental protection and productivity. The construction of these vessels in series is in line with a proven and profitable business model to reduce construction and maintenance costs. The success of this model is based on the high level of industrial know-how that Bourbon has already demonstrated. It is also based on the tested capability of China’s Sinopacific shipyards to produce quality vessels, which has been confirmed by the success of the 14 vessels already delivered and in operation and which give full satisfaction to our customers."

     

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