BOURBON is among the market leaders in marine services for offshore oil and gas, and have released “BOURBON beyond BOURBON” strategy to service the customers’ new focus on energy transition by investing in the Gas sector. Therefore, BOURBON has decided to acquire the activities of the global leader in ethane transportation, with a market share greater than 50% in a market expected to have strong growth.
BOURBON decided to acquire 80 % of JHW Engineering &Contracting limited, through which BOURBON can obtain the gas carrier design and engineering capability, the technology and control of a manufacturing platform for mega-tanks as well as procurement activities and contracting and management of gas projects.
BOURBON will also acquire 100% of Greenship Gas, a Singaporean owned “shipping trust”, that comprising directly or indirectly of a fleet of 17 gas carriers and 100% of EVERGAS, operator and contractor of gas transportation services. Furthermore BOURBON will acquire 100% of Greenship Gas Manager Pte. Ltd, manager of the Greenship Gas “shipping trust”.
The final completion of the acquisition, which was authorized by the Board of Directors on March 28, taking into account the opinion of an ad hoc committee and the opinion of an independent expert, is subject to ratification by shareholders at the Annual General Meeting on May 26, 2016.
Among the market leaders in marine services for offshore oil & gas, BOURBON offers the most demanding oil &gas companies a wide range of marine services, both surface and sub-surface, for offshore oil & gas fields and wind farms. These extensive services rely on a broad range of the latest-generation vessels and the expertise of more than 11,000 skilled employees. Through its 34operating subsidiaries the group provides local services as close as possible to customers and their operations throughout the world, of the highest standards of service and safety.
BOURBON provides two operating Activities (Marine Services and Subsea Services) and also protects the French coastline for the French Navy.
In 2015, BOURBON'S revenue came to €1,329.6million and the company operated a fleet of 511vessels as of December 31, 2015.
Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector, BOURBON is listed on the Euronext Paris, Compartment B.