BOURBON now Owns 100% of the Share Capital of its Subsidiary Delba Maritima Navegacao and Confirms its Intention to Continue its
March 04 2010 - 1:03PM
PR Newswire (US)
PARIS, March 4, 2010 /PRNewswire-FirstCall/ -- BOURBON and Delba
Maritima Navegacao signed takeover agreements for the Brazilian
company on December 29, 2009. BOURBON is now the 100% owner of its
subsidiary. This acquisition was made at the request of BOURBON's
historic partner in the joint-venture, who wished to withdraw from
Delba Maritima Navagacao. BOURBON is taking this opportunity to
consolidate its medium and long-term position in Brazil. In a
spirit of continuity, the operational management and organization
of the subsidiary remain unchanged. "Through its Brazilian
subsidiary, BOURBON can now offer the full breadth of its services
locally and the Group is thus in an excellent position to respond
to the requirements of the Brazilian market," says Christian
Lefevre, Executive Vice President of BOURBON, in charge of
Operations. "With a production of 2 million barrels per day in
2009, over 12 billion barrels of proven reserves, and an investment
program of USD 105 billion over 5 years announced by our client
Petrobras, we plan to seize new commercial opportunities and
consolidate investments to meet the challenge of Brazilian growth,
both in continental and deepwater offshore". About Delba Maritima
Navegacao 1970 : Creation of Delba Maritima Navegacao 2001 :
BOURBON and the founders of Delba Maritima Navegacao set up a 50/50
joint-venture, in the "genuine partnership" spirit that the Group
establishes to develop its presence around the world. 2009 : Over
500 employees, based in 5 locations, operate a fleet of 16 vessels.
2010 : Delba Maritima Navegacao becomes a wholly-owned subsidiary
of BOURBON. About BOURBON BOURBON offers a broad range of offshore
oil and gas marine services. Under its Horizon 2012 strategic plan
BOURBON intends to become the leader in modern offshore oil and gas
marine services by offering the most demanding clients worldwide, a
full line of innovative, high performance and new-generation
vessels and a modular offer of Inspection, Maintenance and Repair
services, with the launch of its new "Subsea Services" Activity.
BOURBON also specializes in bulk transport and protects the French
coastline for the French Navy. 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. http://www.bourbon-online.com/
Contacts Publicis Consultants / Press relations Stephane Chery
+33(0)1-57-32-85-63 stephane.chery@consultants.publicis.fr Elodie
Woillez +33-(0)1-57-32-86-97 elodie.woillez@consultants.publicis.fr
BOURBON Investors - Analysts - Shareholders Relations Patrick
Mangaud +33(0)1-40-13-86-09 patrick.mangaud@bourbon-online.com
Communications Department Christa Roqueblave +33(0)1-40-13-86-06
christa.roqueblave@bourbon-online.com DATASOURCE: BOURBON
MANAGEMENT CONTACT: Contacts: Publicis Consultants / Press
relations: StephaneChery +33(0)1-57-32-85-63,
stephane.chery@consultants.publicis.fr; ElodieWoillez
+33-(0)1-57-32-86-97,
elodie.woillez@consultants.publicis.fr;BOURBON: Investors -
Analysts - Shareholders Relations: Patrick
Mangaud+33(0)1-40-13-86-09, patrick.mangaud@bourbon-online.com;
CommunicationsDepartment: Christa Roqueblave
+33(0)1-40-13-86-06,christa.roqueblave@bourbon-online.com
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