SERVING THE MOST DEMANDING CLIENTS

A GLOBAL PLAYER
26 operational subsidiaries 12 BOURBON Training Centers 8 BOURBON Repair Centers Operating regions

BOURBON
A LEADER IN OFFSHORE OIL AND GAS MARINE SERVICES
OURBON offers the offshore oil and gas industry, companies that by their very nature insist on the most rigorous standards, a full spectrum of marine services based on a range of innovative, latest-generation and highly productive vessels, operating to the highest safety and quality standards. The Group offers a worldwide but locally-based service, through over 8,000 employees and 26 operating subsidiaries that can conduct their own contractual and commercial relations, as well as providing local technical support close to clients and their operations. Bourbon Marine Services supplies oil and gas clients with a comprehensive range of marine support services for exploration, development

and production in deepwater offshore and continental offshore. Bourbon Subsea Services specializes in inspection, maintenance and repair of installations, in deepwater offshore to depths of up to 4,000 meters, and provides oil and gas clients and entrepreneurs with a comprehensive and modular range of subsea services. BOURBON thus offers a complete range of services to its clients and guarantees them safe and reliable performance thanks to the expertise and commitment of the women and men who together make for BOURBONs success.

Marine Services
- Offshore installation supply - Offshore installation anchor handling, towage and positioning - Offshore oil and gas production and storage terminal support - Personnel transport - Assistance, salvage and pollution remediation

Subsea Services
- Offshore operations engineering, supervision and management - Offshore eld and wind farm development support - Subsea Inspection, Maintenance and Repair (IMR)

Gal Bodns Christian Lefvre Laurent Renard

STRATEGY
COMBINED INTERVIEW WITH THE EXECUTIVE COMMITTEE
In June 2010, BOURBON announced its BOURBON 2015 Leadership Strategy plan, what does that mean for the Group?
I Christian Lefvre, Chief Executive Ofcer The perfect execution of the plan will mean satisfaction for our clients, for whom BOURBON is constantly working to provide utterly safe marine operations, performed by skilled and responsible crews, on modern and high-performance vessels with a high availability rate. Our ambition is to contribute to improving the safety and protability of their operations, guaranteeing them a vessel availability rate of 95%. To generate growth of 17% per year, we are investing 2 billion dollars over the period, to create a eet of 600 vessels and a workforce of 12,000 by 2015.

How are you securing nance for the plan?

I Laurent Renard, Executive Vice President and Chief Financial Ofcer The plan requires major investment, in terms of vessels, support functions such as maintenance, and people, in order to serve our clients to best effect. We have established a balanced solution to nance these investments: by generating cash ow from operations, by disposing of assets totaling 500 million euros from 2010, and by a 400 million dollar loan over twelve years from China Exim Bank. We have also

INTERVIEW STRATEGY

BOURBON is focused on the satisfaction of every client

How is BOURBON organizing to serve its clients to best effect?
I Christian Lefvre 2010 was a prime focus for BOURBON. Our Group is now 100% offshore, and everything is geared towards becoming the reference service provider and market leader. In 2010, we established an organizational structure that is directed simultaneously towards the satisfaction of every client and towards the vessels that are the core of our business. The management of this business has been optimized with the creation of 6 worldwide Regions (1). We have strengthened the central functions and extended our worldwide network of managers. To support clients in all new operating regions, BOURBON is opening new subsidiaries thus increasing its number of shipmanagers. In addition, in order to guide and control our organization, systematically and transparently, BOURBON has developed a quality management system (QMS) applied to all our activities.

According to BOURBON, what are the pillars of client satisfaction?

I Gal Bodns, Executive Vice President and Chief Operating Ofcer Now that the organizational structure has been established, our challenge is to deliver the promised results. To win and retain clients, they have to be satised. The four pillars of this satisfaction are safety (of people and assets), the skills of our employees, the reliability and availability of our vessels, and cost reduction (especially fuel consumption costs). To succeed in this, our eet standardization strategy is a key asset. Over and above the reduction of construction costs, which has already been achieved, standardization is, for all four of these points, a powerful lever for operational excellence.

849,9
million euros of revenues

negotiated with shipyards a favorable payment schedule for the vessels (only 25% during construction, and 75% on delivery). But while we are ambitious, we are also responsible: we have taken particular care to retain great exibility in our investment program, so we can adapt to market uctuations. The strategy is clear, the nance is secure.

Present in over countries

35

What benet do you derive from building the vessels in series?

I Laurent Renard Thanks to our series-build program in emerging countries, our purchase costs for the vessels have been signicantly lower, as have the amortizations that represent 40% of our costs. The bet we took in 2006 when we ordered the rst Liberty series vessels is proving a winner. Over 60 Bourbon Liberty 100 and 200 are already in operation and giving our clients full satisfaction. The challenge now is to pursue the recruitment and training of the crews and to institute management systems to enable us to standardize our processes and further reduce the costs for our clients.

8350*
employees worldwide

Does BOURBON consider that condence and transparency go hand in hand?

I Gal Bodns Looking to 2015, our commitment is not only to deliver better service to the client by making progress on each of these pillars, but also doing so totally transparently, by regularly publishing main key indicators on availability rates and vessel service rates, maintenance, crew skills, fuel consumption etc. By sharing these indicators with clients, we can help them better manage their risks and work with us in absolute condence.

408
vessels in the fleet

(1) West Africa Asia Mediterranean Sea / Middle-East / India North Sea Mexico - Brazil

(*) gures as of December 31, 2010

INTERVIEW STRATEGY

RESPONDING TO THE CLIENTS NEEDS OPERATIONAL EXCELLENCE THROUGH THE MAN-VESSEL COMBINATION

Oil companies are demanding ever-increasing operational safety and service reliability in deepwater offshore and continental offshore.

o support their operations, clients need a partner who can respond to their demands worldwide. This client satisfaction is represented by 4 pillars: safety of people and assets personnel skills reliability and availability of the vessels costs reduction

which makes industrial maintenance possible and is a key factor for availability and cost reduction. A capacity for innovation and adaptation to clients requirements has enabled BOURBON to become established as one of the world leaders in offshore oil and gas marine services with a comprehensive range of services and vessels.

BOURBON has made these 4 pillars the key to operational excellence. Committed to a process of continuous improvement, the Group rely on the skills of our people, the quality of our client-focused organization, and the reliability of our series-built eet,

The 4 pillars of customer satisfaction:

Safety of people and assets

Personnels skills

Rellability and availability of the vessels

Costs reduction

RESPONDING TO THE CLIENTS NEEDS

Safety, our absolute priority Protecting the personnel of our clients, of our subcontractors and of our Group as well as their assets and the environment is an integral part of BOURBONs work. The Group is constantly improving its HSE performance and developing appropriate training.
OURBONs safety results have improved year on year over the last three years. The gures for 2010 against the target yardsticks (Target LTIR = 0.00 / Result = 0.05; Target TRIR = 0.75 /Result = 0.64; see chart for denition of LTIR and TRIR) show that BOURBON has managed to keep improving its safety management system. Above all, these results are an encouragement to continually progress and improve, by never giving up on learning and constantly capitalizing on our best practices.

continuing to focus on its zero accident objective for personal incidents and environmental spills for 2015. Protecting people and safeguarding assets, both at the company and for clients, and preventing any negative impact on the environment remain absolute priorities for the Group.

Among the front-runners

The Group is now one of the safest offshore oil operators. BOURBON is

Training and giving responsibility to managers for better dissemination of the safety culture

BOURBON is rmly convinced that every incident can and must be avoided. In this respect, the entire management chain contributes to enhancing safety, by clarifying the organizational structure and promoting individual and collective responsibility. Like quality, safety is a continuous crossfunctional and group-wide system of improvement that depends on the commitment of all BOURBON employees. The safety of operations does not only concern the ofcers and crews onboard the

vessels; onshore management also has a key role to play in disseminating the safety culture throughout the company. This is why BOURBON places a strong emphasis on management skills and training in this area, especially through a program of seminars on all aspects concerning the safety of operations.

RESPONDING TO THE CLIENTS NEEDS

Safety seminars for managers

This training program is dispensed worldwide to all BOURBON managers involved in operations -Contracts, Logistics, Operations, HSE and Quality managers- as well as to top management and vessel captains and ofcers who are the rst interface with the client and operations.

Further improvement in our results

Calculated per million man-hours worked
TRIR
Total Recordable Incident Rate

LTIR
Lost Time Incident Rate

KPI

1,00
Result

KPI 0,75

Result

0,65

0,64
Result KPI Result KPI

0,07

0,05

2009

2010

2009

2010

* KPI : Key Performance Indicator set by BOURBON as a performance target

RESPONDING TO THE CLIENTS NEEDS RE

Innovative tools to drive safety BOURBON aligns its operating procedures on the new system for assessing vessels, crews and shipowners instituted by clients (OCIMF).

n 2010, BOURBON developed OSM (Operational Safety Management), which is a system designed to ensure the safety, reliability and efciency of operations and thereby dovetail BOURBON standards to client requirements. The system is totally aligned to the industrys current demands in terms of vessel management standards. In particular, OSM integrates the OVMSA (Offshore Vessel Management and Self Assessment) program of the OCIMF (Oil Companies International Marine Forum) that has been developed by oil operators. It also includes the most recent statutory maritime requirements such as the revisions to the ISM (International Safety Management Code).

Anticipating risks, analyzing incidents

In BOURBONs safety management system, anticipation is a top priority. Every action is subject to a risk assessment to ensure that prevention rather than correction is the guiding principle. An investigation is also systematically carried out to assess the origin of every incident (root cause analysis), and implement the corrective actions needed to avoid any repetition. Supporting this, our common database enables us to share information and best practice throughout the Group.

A common reference for BOURBON entities

The OSM system constitutes a common framework for all BOURBON entities, enabling them to improve their key safety processes and harmonize this improvement.

10 RESPONDING TO THE CLIENTS NEEDS

Complying with the operating standards defined by the industry

Designed by the OCIMF (Oil Companies International Marine Forum), the new OVMSA standard denes operating standards that will serve as a basis for all quality and safety audits, both onboard for operations and onshore for management. The system, developed by the oil industry, will provide a common reference enabling the performance of the service operators to be compared and enhanced. BOURBONs objective is to reach level 4 (Excellence) by 2015 for each element in the OVMSA standard.

OCIMF, OVMSA and OSM

OCIMF = Oil Companies International Marine Forum OVMSA = Offshore Vessel Management and Self Assessment OSM = Operational Safety Management, a system established by BOURBON.

The bridging document, interconnecting client and operator

For each contract, BOURBON carries out a detailed analysis jointly with the client on its own HSE standards and processes in relation to the clients requirements. This analysis is consolidated in the Bridging Document, a liaison document that species any points not detailed in BOURBONs OSM and helps ensure that all the clients requirements in terms of safety will be properly and minutely complied with in the rollout of operations

RESPONDING TO THE CLIENTS NEEDS

11

Human capital at the heart of the BOURBON structure Investing in its people to engage them with the company.
ith the arrival of 4,500 new employees, BOURBON has more than doubled its workforce since 2006. By 2015, over 3,500 new employees will need to be recruited, integrated into the company and trained in the specics of offshore. To address this challenge, BOURBON has instituted policies and processes that will enable it to integrate these new women and men and allow them to share common standards while gaining from their variety of knowledge, origins and training. As well as skills and standards, the Group is anchored in strong values. Professional, responsible, enthusiastic and united, such are the women and men who make and will make BOURBONs strength, by giving a common direction to their contributions: client satisfaction. And because there is no satised client without satised employees, BOURBON focuses on the development and the careers of his employees.

Empowerment and training

Responsibility is a major imperative. Each employee has a clearly dened role that he or she is expected to assume to the full: everyone has a future at BOURBON. Their individual engagement enables the Group to set its sights on excellence at the same time as adhering to the strictest demands in terms of safety and operational standards. This is why BOURBON is instituting a promotion policy based on taking responsibility and recognizing value. BOURBONs level of expertise is well known in the offshore world, by clients as well as seamen. To maintain a high standard, BOURBON invests in training. There is a strong emphasis on training related to operations, aimed at improving safety, on training ofcers in management and handling stress. This focus on training is equally sustained in the countries and operating regions, which enables the Group to achieve tangible results in terms of developing local skills.

12 000

employees by 2015

12 RESPONDING TO THE CLIENTS NEEDS

15

million euros

invested in training every year

8 350

employees as of December 31, 2010

An effective induction program

Newly recruited ofcers follow a 2-year induction program, incorporating assessments and simulator training.

Over

70 nationalities

BOURBON Training Centers

In 2010, several simulators were deployed around the world. BOURBON now has two AHTS and PSV simulators in Marseille and Singapore, one ROV simulator in Italy, a Training Center for dynamic positioning in Manila, and 9 crewboat simulators in West Africa, Indonesia and Brazil. These simulators act as situation-immersion accelerators.

RESPONDING TO THE CLIENTS NEEDS

13

Guaranteeing crew qualifications High qualifications make for safer operations: BOURBON is establishing a policy designed to train all its bridge officers in operations specific to offshore oil and gas.

14 RESPONDING TO THE CLIENTS NEEDS

ualication is a platform for professional effectiveness. In addition to international standards and those demanded by each individual client, BOURBON has established its own Group qualication standard for its crews and an associated assessment system.

Experts in vessel crewing

The mission of the crewing department is to deploy BOURBON quality standards and processes for shipmanagers in matters of recruitment, assigning and monitoring crews. Accordingly, the Group provides shipmanagers with tools to support the effective management of vessels.

A skills standard recognized by professionals

Precise criteria for experience and qualication have been formalized for each type of vessel and for the main technical positions. BOURBON shipmanagers throughout the world have a common reference framework for recruiting and assessing the skills of their crews. Based on this reference framework, BOURBON deploys a skills assessment system via a pool of referent ofcers who travel on board the vessels to help with assessments, share experiences and identify training needs. Operational personnel are trained directly onboard by ofcers using internal course material. This high standard gives BOURBON crews multiple abilities that promote exibility, enabling it to respond to the demands of different clients more effectively. Recognized by the marine community, it is also a strong advantage for recruiting and retaining the best employees.

Customized HRIS for shipmanagers

The integrated HRIS (Human Resources Information System) is customized for BOURBONs organization and lists all the seamen employed by the Group in a single database, together with full information on their prole: qualications (licences etc.), experience, training programs taken etc. Deployed in 2011, it will help crewing managers when planning crews. It will be supplemented by a Training module and a Career Management module which will enable the HR data necessary to human capital management.

The Training and Experience log book

Deployed in 2010, this individual booklet records the career of each seaman under two headings: Experience and Training (training provided by BOURBON beyond regulatory training).

The crewing matrix

This document, unique to each vessel, enables shipmanagers and captains to verify in real time the conformity of the crew to three types of requirement: regulatory constraints (stafng decisions made by the ag authority), contractual requirements that may be set by the client, and BOURBON standards. For transparency, this document intended for internal use may be communicated to the client.

RESPONDING TO THE CLIENTS NEEDS

15

Vessels always ready for operations An industrial maintenance organization, directly inspired by aeronautics and made possible by fleet standardization.

he unavailability of a vessel may be caused by a breakdown or by planned technical stoppages in drydock or aoat. BOURBON aims to reduce the breakdown rate by deploying dynamic planned maintenance and the sharing of best practices thanks to a eet management software, which capitalizes on direct experience on the ground to produce optimized preventive maintenance plans. BOURBON is committed to a major reduction and constant improvement of the length of time that vessels are out of action, for both planned and unplanned repairs.

BOURBON Repair Centers and standard exchange

Pooling eet-support locally around the concept of a standardized Repair Center means that all shipmanagers can access onshore technical engineers and spare parts inventories near their operating area. Eight Repair Centers have been created close to operating areas. Their inventories are primarily composed of critical equipment (engines, alternators, thrusters, etc.) and common spare parts. The parts can be used for breakdowns or periodic overhauls. Having these inventories promotes the practice of equipment swap, which helps improving vessels availability.

Partner repair shipyards

Another strand to the maintenance policy is to increase the number of repair shipyards near operating areas in order to reduce the vessels travel time to the yards. BOURBON therefore forges partnerships with local shipyards which guarantees it priority treatment in return for the volume of work provided. Every site is supervised by a BOURBON superintendent and has a stock of critical equipment and spare parts. Equipment suppliers are encouraged to establish local bases, while the shipyards have the necessary skills to work directly on the equipment themselves, thus reducing travel time for engineers.

Partner shipyards in Africa

Walvis Bay shipyard in Namibia, is the main Repair Center for vessels working in Angola. In Nigeria, BOURBON can call on Pirious WAS (West Atlantic Shipyard) at Port Harcourt.

16 RES RESPONDING TO TH CLIENT S NEEDS ESP SPONDING G THE CLIENTS HE H NT TS

Critical operational equipment

Standard exchange of vessel components

The rst equipment swap operation on a support vessel was effected at the beginning of 2011 in Namibia on the PSV Bourbon Herms. Three diesel engines and their alternators were replaced. These equipments were then repaired and overhauled in the workshops in concurrent operating time so they could then be used for further replacements.

availability rate in 2015

95 %

After a detailed study by type of vessel that has identied key critical spare parts, BOURBON has invested to build up stocks of these show stoppers. These are localized in strategic areas, selected according to regional needs and constraints. This substantial investment, equivalent to the cost of several new vessels, reects the strength of BOURBONs commitment to the objective of availability.

Software for more effective preventive maintenance

Task Assistant software, which integrates a personalized Maintenance database for every vessel, is being progressively deployed throughout BOURBON eet. Data is updated onboard in real-time, enabling all shipmanagers to gain knowledge of technical and maintenance information; it offers a cross organizational vision of the entire eet, for example to detect an abnormally high equipment breakdown rate or to share best practices.

RESPONDING TO THE CLIENTS NEEDS

17

Local service worldwide

Gl b l t l Global et local: BOURBONs organizational structure reconciles strong local integration with harmonized management of the activity and client satisfaction.

OURBONs activities are based in six geographic regions. Each region is a prot center, which consolidates and manages the vessels operating in its zone from a commercial, nancial, quality and HSE standpoint.

Decentralized organization charged with client satisfaction

Along with their team, the Regional Managing Directors are responsible for client satisfaction and the protability of the eet operating in their zone. They work closely with the subsidiaries in their zone.

There are 26 operating subsidiaries around the world, providing devolved commercial and contractual relations and local technical support. Ten of these subsidiaries are responsible for the operational management of the vessels. Through this decentralized organization, with clearly articulated responsibilities, clients benet from locally based support under the common umbrella of the Groups quality standards.

18 RESPONDING TO THE CLIENTS NEEDS

A client focused organization

For BOURBON, the client is the cornerstone of its organization. Every vessel is an independent unit, a human-scale company that plays the role of primary interface with the client.

For every vessel deployed, a chain of three managers is systematically established: a Contracts Manager, the single dedicated local contact point for the client; a Logistics Manager, responsible on site for the vessels operational support; and an Operations Manager, who manages the vessel for the shipmanager. These three individuals serve the vessel and are in constant contact with the

captain to ensure the clients satisfaction. This organization enables everyones role to be claried and promotes efcient, rapid and transparent communication with the client.

Client satisfaction chain

Heads of the Regions
deliver the added value that the client expects er adde th he lient ex ts

REGIONAL

Local support function for the vessel

Vessel management function

Contract supervision function

Logistics Manager

Operations Manager

C t t Contracts Manager

LOCAL

Single point of contact

Partnerships for strong local integration

Many of the subsidiaries have been created as joint ventures with local partners. These partners are rmly woven into the local fabric and give BOURBON the backing of high quality local management and competent staff. The partnerships are real growth accelerators, enabling the Group to acquire a national identity in each country at the same time as conserving the values and quality standards that represent its strength.

CLIENT

Growth of activities > Strengthened organization

RESPONDING TO THE CLIENTS NEEDS

19

Cost reduction: The standardization of the fleet and diesel-electric propulsion are key to reducing clients operating costs

ost reduction is an important aspect of operational excellence at BOURBON. The substantial progress made in this area is due to BOURBONs eet strategy. By offering its clients innovative and highly productive series-built vessels, BOURBON enables them to reduce not only their chartering costs but also their operating costs.

Productivity, availability, buying in series

The Bourbon Liberty vessels offer loading capacities 30% higher than those of an equivalent-sized conventional vessel. Their exceptional maneuverability and their

class 2 dynamic positioning help cut the time taken for operations and at the same time make them safer. Standardization of the eet also makes a signicant contribution to cost reduction, rstly by facilitating maintenance and improving availability rates; secondly, thanks to scale effect, by fostering advantageous conditions at suppliers for technical purchases; and thirdly by enabling crew training programs to be established that are applicable to a great number of vessels.

20 RESPONDING TO THE CLIENTS NEEDS

Reducing fuel consumption

BOURBON has the worlds biggest eet of diesel-electric propulsion vessels, and can then take advantage of their high fuel efciency. To derive full benet from this important advantage, a group project has been created. It focuses particularly on raising the awareness of crews and guiding them towards modifying the way they operate the vessel. The company has developed decision making tools as well as organized challenges to encourage emulation between crews. Additionally, BOURBON works closely with clients to share good practice in fuel management and promote procedures designed to reduce fuel consumption. Reducing consumption also involves reducing maintenance and breakdowns which are also cost factors.

Between

500 000
and

1 million
dollars
can be saved per vessel per year

3 key factors
for reducing fuel consumption
1. Design
(diesel-electric motorization): .............

-15 %

Some examples for adapting procedures in collaboration with the client

Adapt transit procedures (night journeys at reduced speed) Adjust waiting procedures near the rig (lay buoys, wait a mile from the rig on a single engine) Rationalize the use of the vessel (no half-load trips)

Real-time consumption measurement

This mechanism, like the one on car dashboards, is an effective way of encouraging reduction in fuel consumption. It is now being installed on new vessels and is steadily being introduced onto existing vessels too.

2. Rigorous consumption measurement: ................................ -10 % 3. Optimized vessel utilization profile in collaboration with the client: ...................................-5 %. Total: ........................................................................... -30%

RESPONDING TO THE CLIENTS NEEDS

21

MARINE SERVICES THE BENEFITS OF A MODERN AND STANDARDIZED FLEET

An innovative, multi-functional, safe and cost-efficient fleet

OURBON owns one of the youngest eet of the industry, built around exceptional maneuverability, safe and accurate positioning thanks to class 2 dynamic positioning, large load capacities, reduced fuel consumption thanks to dieselelectric propulsion, and series design for enhanced reliability and more efcient maintenance

PSV equipped with the latest industry innovation such as MACS tank system and innovative design allowing for higher tank capacities than similar vessels. Offshore terminal tugs are especially designed to support offshore oil and gas terminals. The crewboat eet offers a safe, reliable and economical alternative to helicopters for passengers transportation and cargos: with FSIV (Fast Supply Intervention Vessels) for urgent supplies and response teams, and with Surfers for rapid personnel transfer.

already being built. The 10 PSV Liberty 150, derived from the Liberty 100, and the 20 AHTS Liberty 300, derived from Liberty 200, will provide an enlarged deck space, greater cargo capacity, an improved hull shape and a Clean Design double hull.

Responding to all the requirements for deepwater and continental offshore

The Bourbon AHTS and PSV have been designed to improve oil elds support productivity, to support the growth of the deepwater offshore market and the renewal of the offshore continental eet. Through 2 new series of Deepwater PSV (PX105 MACS & SPP35), BOURBON conrms its commitment to excellence by proposing to its clients high technology

Marine Services revenues of

Bourbon Liberty : a new generation already

Beyond the Bourbon Liberty series success, as a response to client feedbacks, a new generation of Bourbon Liberty is

660,3 m*
* gure as of December 31, 2010

A complete range of modern vessels

The benefits of standardization

A MODERN FLEET

23

A state of the art fleet

PSV
Platform supply vessels take equipment and special items to offshore rigs. In addition to their huge deck area that enables all types of equipment to be transported, including extra-large packages, they have sizable storage capacity. Among the BOURBON PSV is the Bourbon Liberty 100 series, PSV with deadweight of 1,509 t, DP2, FiFi 1 with diesel-electric propulsion.

AHTS
Anchor Handling Tug Supply vessels are designed to anchor, maintain and move oil platforms. They have powerful engines and winches, can tow drilling rigs, lay and lift anchors, and deploy numerous equipments connected with oil production. Among the BOURBON AHTS is the Bourbon Artabaze, an AHTS with a bollard pull of 120t, DP2, FiFi 2 with large OilRec MODERN FLEET capabilities.

TUG
Terminal Tugs are dedicated to support offshore oil and gas terminals, and are specialized in assisting FPSO (storage vessels) at offshore terminals. Among the BOURBON Tugs is the Bourbon Rhode, with traction capacity of 100 t, FiFi 1 and Oil Rec.

24 A

LES ABEILLES
BOURBON provides coastal protection for France, on behalf of the French Navy. Since 1976, the company Les Abeilles have overseen the protection of the 3,120 km of exposed French coastline. The mission of these vessels, and 3 other vessels of the offshore eet, is to prevent and protect the marine environment. Their missions are to prevent wrecks, assist and save vessels in distress, and combat pollution. Among Les Abeilles is the Abeille Liberte, with a maximum speed of 19.9 knots, a traction capacity of 209 tons and able to get under way in 40 minutes.

Marine Services fleet

2009
Deepwater offshore support vessels Continental offshore support vessels Personnel transport vessels

2010 69

67

53

78

223

243

390 VESSELS
FSIV
Fast Supply Intervention Vessels are rapid assistance vessels that can transport urgent supplies and emergency personnel. Among the BOURBON FSIV is the Bourbon Express, a rapid waterjet propulsion vessel with a cruising speed of 20 knots. SURFER Surfers are fast crewboats that can transport personnel to offshore oil sites and serve platforms throughout a eld. Among the BOURBON Surfers is the Surfer 3600 series, business class personnel transport vessels that can accommodate 50 passengers with a cruising speed of 40 knots.

A MODERN FLEET

25

Standardization: the benefits of a long-term vision sion s The BOURBON fleet is the result of a long-term strategic gic vision, unique in the world of offshore services: the original the h policy of standardized construction of the fleet offers rs clients a host of advantages.

Safety
Focusing on the quality and reliability of vessels, the application of very high standards of qualication, the standardization of processes, training on simulators and validation of crew skills, feedback from experience and the sharing of best practice, standardization promotes constant advances in operational safety.

Reduction in investment costs

Series design and construction enables economies of scale to be realized, which can be passed on to clients charter costs.

Quality
Series orders promote quality as every new vessel benets from the feedback from previous vessels.

Adaptability
To respond to specic needs, BOURBON is able to adapt its series vessels to particular cases, either by modifying them, or practically custombuilding them based on the series hull, but still retaining the benets of the series effect for the equipment.

Operational excellence and flexibility

Standardization helps crew training, especially on simulators, and promotes versatility and the sharing of best practice.

Greater reliability and availability

Inspired by the aeronautics industry, standardization makes an industrial organization possible for maintenance.

26 A MODERN FLEET

From standardization to customization

Built for Shell in Qatar using a series hull and propulsion, the PSV Bourbon Gulf Star is the worlds rst offshore chemical tanker. The vessel has 7 stainless steel tanks that are independent from the hull and protected by an inerting facility; it has a dangerous-gas detection system, an oxygen plant and airplane type masks, an inertial system for the safe transport of passengers.

Internet-connected vessels
All the new supply vessels in the BOURBON eet are equipped with a VSAT satellite communication system, which acts as an extended Intranet. The vessels and onshore bases are totally integrated into the companys network. Onboard users have access to guaranteedspeed IP telephony, email, internet access and all business applications via a professional portal.

40

knots
and up to

50

people
in business class confort

When crewboats replace helicopters

BOURBON is constantly innovating to enhance its range of crewboats. Originally designed to meet a specic demand from Exxon in Angola, the Surfers 3600 offer a cruising speed of 40 knots and a range of 500 nautical miles. Transporting 50 people in business class comfort, they offer a reliable and economical alternative to transporting personnel to distant elds by helicopter.

A MODERN FLEET

27

SUBSEA SERVICES EXPERTISE AND HIGH TECHNOLOGY RESOURCES FOR A GLOBAL OFFER

To meet the needs of oil company clients, BOURBON offers a unique range of modular services for IMR (Inspection, Maintenance and Repair) work through its Subsea Services activity.

A leading player in West Africa

80 % 1,8 million
of market shares of IMR vessels on deepwater blocks

of daily barrels supported

his range of services, in line with the needs of oil operators, varies from the supply of IMR support vessels and subsea robots (ROV) with personnel, through to the full service provision incorporating engineering studies and operations management. This offer is based on recognized expertise, a eet of modern vessels and ROVs, designed to satisfy to the operational needs, with experienced staff trained in the latest techniques.

Since 2004, when BOURBONs rst IMR vessel was commissioned, Bourbon Subsea Services has proved itself as a preferred partner among the oil majors thanks to its unique positioning. Its activity in classic maintenance operations and in emerging niches has seen strong growth. A leading player on the West African market, Bourbon Subsea Services also has a worldwide presence, ranging from the West Atlantic (Brazil and Mexico), to the Far East (Indonesia and Australia) as well as the Mediterranean (Egypt).

2010
Subsea Services revenues

2009
Subsea Services revenues

A flexible fleet

149,6m

127,3m

From IMR vessels to ROV

Specialist personnel

SUBSEA SERVICES

29

A flexible and modular service-oriented offer A competitive cost structure, an optimized operational efficiency, a flexible offer... Bourbon Subsea Services provides the ideal solution for every market including emerging markets.

he success of BOURBONs IMR (Inspection, Maintenance and Repair) offer is based on a key advantage: Bourbon Subsea Services operates IMR vessels owned by BOURBON together with ROVs from the Bourbon Offshore DNT eet, and it has recognized expertise in subsea engineering through Bourbon Offshore Gaia, all supported by BOURBONs international network. The IMR eet is managed by BOURBONs shipmanagers.

operational efciency. Another benet is the modular structure : the offer is adapted to the oil companies and contractors needs for exibility. Whether they need a vessel, an ROV or full service, they can nd the ideal solution for their needs at BOURBON. The wide-ranging services offered by Bourbon Subsea Services extend throughout the life of an oil eld. Today, the bulk of its activity concerns maintenance and development of producing elds (maintenance vessel with ROV or well stimulation and testing). But it also operates in the earlier phase of exploration (with support vessels for seismic and geophysical testing) and in the oil eld construction phase with support vessels for contractors.

A high degree of cooperation with the client

Well services (wireline and well testing) require very specic expertise related to the introduction of customized tools in the reservoir/well core. A very stringent risk assessment and high degree of cooperation with the client are needed

for these specic operations. In the last three years, Bourbon Subsea Services has progressively built up expertise in this area, especially with the Bourbon Emerald for Shell in Nigeria.

Competitiveness, efficiency and a modular structure

This conjunction of services enables Bourbon Subsea Services to offer clients a competitive cost structure and optimized

30 SUBSEA SERVICES

ROV : a palette of services

The ROVs (remotely-operated vehicles), or subsea robots, of the subsidiary Bourbon Offshore DNT offer a wide range of services: subsea inspection visually or with instruments, non-destructive tests, subsea construction and maintenance work, assistance with drilling operations etc. They can also conduct surveys (sea bed reconnaissance). Their capacity for data collection and processing enable them to gather extremely accurate information, including high-denition images and associated reports.

Well stimulation by injection

Two vessels, the Bourbon Opale and the Blue Angel have been specically adapted respectively for well testing by uid injection or recovery of crude oil and treatment and well stimulation.

First offshore wind contract

The Bourbon Enterprise operates in the North Sea on the Greater Gabbard eld, supporting one of the worlds biggest offshore wind farms (150 turbines). This vessel, with capacity for 103 people, is assisting with laying and protecting subsea power cables and is used as a oating hotel to accommodate the personnel and assist with connection work for the turbines after their installation.

SUBSEA SERVICES

31

State-of-the-art resources for optimum performance and availability With its IMR vessels, ROVs and lifting equipments Bourbon Subsea Services provides its clients with flexible latest-generation multi-purpose tools to meet the most demanding operations.
A modern and flexible IMR fleet
Bourbon Subsea Services has a eet of 17 IMR vessels in operation; by 2013, they will be supplemented by a further 10 new vessels currently under construction, the Bourbon Evolution 800 series. The vessels in this eet are all recent (average age of less than 4) and two to four new vessels are added every year. The Bourbon Evolution 800 series benets from the feedback and the diversity of the operations conducted by Bourbon Subsea Services. Close relations with charterers and listening to their needs have contributed to the development of multi-purpose vessels that can operate in regions with varying degrees of logistical complexity, in strict compliance with the oil industrys safety and environmental standards. With a large deck area and sizable accommodation capacity (some can take over 100

personnel), they also offer good cargo capacity and the logistics support necessary for great exibility of operation.

State-of-the-art equipment in line with BOURBON standards

The operating vessels have redundant dynamic positioning (class 2 or class 3), diesel-electric propulsion and cranes with built-in swell-compensation systems, capable of placing up to 100 t per 3,000 m depth. Thanks to the standardization of their equipment, they benet from the common worldwide support structure put in place by BOURBON to facilitate the maintenance of its eet and thus optimize its availability rate.

A multi-purpose ROV fleet

Bourbon Offshore DNT subsidiary manages a fleet of 13 ROVs: 4 small light Falcon observation robots, 4 compact Cougar ROVs, operational to a depth of 2,000 m for visual and instrumental inspections and light tasks, and 5 work class HD and UHD (heavy duty and ultra heavy duty) ROVs capable of handling loads ranging from 250 kg to 3.5 t for heavy work such as well-head connection. These ROVs incorporate cuttingedge technology equipment including automatic positioning system, heavyduty manipulators, latest-generation multiplex video system, high-definition cameras and sonars.

32 SUBSEA SERVICES 32 SUBSEA SERV ES UBSE SERVICES

Bourbon Evolution 800 : The new generation of IMR vessels

The series of 10 Bourbon Evolution 800 Clean Design vessels benets from all BOURBONs experience in subsea support. With a deck area of over 1,000 m2, they are equipped with Dynamic positioning class 3, two deep sea cranes (150 t and 40 t), and seven generating sets, and they can accommodate 105 people. They offer maximum reliability and availability thanks to equipment redundancy.

The IMR fleet at the end of 2010(*)

17 MPSV (Multi Purpose Support Vessels): 5 light support MPSV; 50-person capacity and 10 t lifting capacity to a depth of 2,500 m. 10 medium MPSV; eight of which have 72-person capacity and lifting capacity of 100 t to a depth of 1,500 m, and two that can accommodate over 72 people. 2 large MPSV (Bourbon Oceanstream 101 and 104); 120-person capacity; 2 active compensation cranes from 100 to 250 t.

* gures as of December 31, 2010

Two examples of full service:

Two full service operations, combining engineering, operations management, a BOURBON vessel and BOURBON ROVs have recently been conducted with great success: laying 64-t well heads with the Bourbon Trieste for Total in Nigeria, and dismantling operations with the Vissolela for Esso in Angola.

SUBSEA SERVICES

33

Competent employees, a customer-focused organization Training, operational organization, skills integration... Bourbon Subsea Services puts everything into play to guarantee success for clients subsea operations.
Integrated teams of multi-talented and motivated people
900 employees, including 200 ofcers and some forty crane operators work for Bourbon Subsea Services. These dedicated IMR vessel teams are specially trained to acquire a range of skills and thorough knowledge of the subsea environment. Focused and competent, they constitute a major advantage in terms of responsibility, safety and operational efciency. The Subsea Services activity offers career development prospects and generates obvious enthusiasm among the seamen, as well as among the ROV operations personnel. Respect for procedures, methodologies, risk analysis, and safety and environmental standards are at the heart of BOURBONs business, guaranteeing a service of high quality and excellent safety.

Operational efficiency underpins client satisfaction

Bourbon Subsea Services operates in all BOURBONs geographic regions. Thanks to the matrix organization, the client deals with a single contact-person, a Contracts Manager dedicated to Subsea contracts. Through the Operations Manager and the Logistics Manager, Bourbon Subsea Services has direct access to the Groups resources worldwide and has operational authority to efciently coordinate all those involved.

34 SUBSEA SERVICES

Crew training
The IMR eet seamen receive continuous training in slinging and handling items and packages, and bosuns are trained in supervising and coordinating deck operations. The training for captains and ofcers focuses on knowledge of the subsea environment, and on control over the vessels positioning in that environment and on the surface. Chief engineers are trained in crane maintenance, while the standardization of lifting equipment facilitates the training and development of crane operators.

900
including

employees

200

OFFICERS
and over

40 CRANE
OPERATORS

The advantages of integrated engineering

For full service contracts, Bourbon Subsea Services provides preliminary engineering prior to operations and then looks after their management onboard. This integrated solution enables to take full advantage of BOURBONs operational experience to analyze the risks, assess feasibility and optimize the use of lifting equipment, within the connes of the safety rules. While beneting from the synergies between teams, the client has a single contact person who manages and coordinates all the operations.

ROV simulator
At Ravenna in Italy, Bourbon Offshore DNT has a simulator to train pilots of the UHD Work ROVs. The simulator very realistically recreates the conditions of subsea work in 3D and it can be programmed according to the specic parameters for each operation. Furthermore, packed in a container, it can be sent anywhere in the world to meet local training needs.

Detailed monthly reports

A detailed monthly report is compiled for every full service operation, illustrated where appropriate with pictures and notes, collating and summarizing the issues and difculties encountered. The report provides the client with totally transparent information on the progress of the operation and contributes to pooled management of the feedback from direct experience, with the goal of continuing improvement constantly in mind.

SUBSEA SERVICES

35

CORPORATE SOCIAL RESPONSIBILITY A PARTNER COMMITTED TO THE CHALLENGES

A long-term growth strategy An international Group established on all five continents A policy of environmental, economic and social commitment

o continually improve its service to clients and offer them a locally based service, wherever they are in the world, BOURBON has established a decentralized organization enabling it to reconcile real local integration with harmonized management of the activity. The Group is equipped to accompany its clients in corporate social responsibility, through a 3-pronged policy for development that is economically equitable, socially responsible and environmentally sustainable.

Environmental responsibility means reducing fuel consumption, constantly monitoring our emissions and integrating clean design vessels into the eet. Economic responsibility means an active development policy for local structures via BOURBONs decentralized organization and the establishment of indicators to measure the indirect economic impact. Social responsibility means an active and consistent development policy for skills, recruitment and training in the Groups six operating regions.

CORPORATE SOCIAL RESPONSIBILITY

37

A partner working for sustainable development In matters of sustainable development, BOURBON shares the concerns of its clients and does its utmost to help them meet their objectives with total transparency.
OURBONs prime contribution is the added value that it can bring to clients in terms of risk analysis and security of operations. In addition, the Group takes active steps to reduce polluting emissions and to share expertise, in a spirit of transparency.

Emissions constantly monitored

In 2008, BOURBON drew up a comprehensive inventory regarding the consumption and emissions of its eet, for CO2, NOX and SOX. All new vessels are now equipped with real-time fuel consumption measurement instruments, other vessels being progressively equipped.

tion. The work BOURBON has carried out to raise employees awareness and promote particular operating procedures is also contributing to cutting consumption and, by extension, emissions. The new series of Bourbon Evolution 800 and Bourbon Liberty 300, compliant with the clean design standard, will further strengthen this effort for environmental protection.

Objective: energy savings

To optimize consumption, the crew must derive maximum benet from diesel-electric propulsion. BOURBON trains its crews in maneuvering vessels economically. The Group provides them with measurement and decision-making tools, and motivates them through in-house challenges. At the same time, BOURBON works with clients to improve procedures in order to reduce consumption.

Reducing polluting emissions

BOURBON is committed to a program of reducing greenhouse gases, which has already started to bear fruit, through its systematic choice of diesel-electric technology that has signicantly lower fuel consump-

38 CORPORATE SOCIAL RESPONSIBILITY

 Local content : sharing skills

In its countries of operation, especially Africa, BOURBON is keen to share skills by recruiting locally, but also by training ofcers and technical managers, in partnership with local schools and authorities. Nigeria and Angola are the pilot countries for this local content approach. All around the world, local key positions in the company are occupied by local managers, having beneted from training easing their career moves.

of crewboats piloted by 100% regional crews in 2010

33%

Over
Diversity and multicultural management
The Group is inherently multicultural. Diversity is a daily reality, anchored in BOURBONs values, with 70 nationalities working alongside each other on a daily basis. The Group fully intends to make its differences a strength and place particular emphasis on multicultural management in its training programs.

70

nationalities
Making its differences a strengh

www.bourbon-online.com

Corporate ofce 33, rue du Louvre 75002 Paris France T. +33 (0)1 40 13 86 16 F. +33 (0)1 40 28 40 31

Marseille ofce 148, rue Sainte 13007 Marseille France T. +33 (0)4 91 13 08 00 F. +33 (0)4 91 13 14 13

A French Socit Anonyme with capital of: 39 101 094 euros 310 879 499 RCS Paris SIRET : 310 879 499 00104 N TVA : FR96 310 879 499 APE : 6820B

Rafalecom - . Photos : BOURBON ; Jean-Noel Lanthiez ; Philippe Guignard. - B-PUB-14.5111-rev.00.en Brochure BOURBON 2011 - Papier PEFC