UAE: Grandweld Shipyard to Build Six New Support Vessels for BOURBON

CGGVeritas today signed a five-year marine charter agreement with BOURBON for six new support vessels to assist its seismic operations. The new vessels will be delivered starting at the end of 2012.

Jean-Georges Malcor, CEO of CGGVeritas, said: “This agreement to charter vessels to support our seismic acquisition operations is another step in our ambitious plan to improve the performance of our fleet and streamline the number of our maritime partners. CGGVeritas will benefit from the expertise of the BOURBON group and its commitment to the highest standards of operating quality and safety worldwide.”

BOURBON has decided to build these vessels at Grandweld Shipyards in Dubai. “We are delighted to have been chosen by CGGVeritas, which comes as further confirmation of BOURBON’s capacity to adapt to meet the needs of its clients,” announced Christian Lefèvre, CEO of BOURBON. “At the same time, this agreement emphasizes BOURBON’s recognized expertise in the design and management of marine service vessels. The construction of a new segment of vessels for our fleet fits perfectly with the investments we are making under the BOURBON 2015 strategic plan.”

The chartered vessels will support CGGVeritas seismic vessels during their survey operations around the world, by providing them with the requisite ancillary services including refueling, crew change, food and equipment delivery, storage, assistance, and support during in-sea maintenance operations. In addition, their unique hybrid propulsion will offer exceptional operational flexibility and low energy consumption.

About CGGVeritas

CGGVeritas is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.

About BOURBON

BOURBON offers oil & gas companies with the most demanding requirements a comprehensive range of surface and subsea marine services for offshore oil & gas fields and wind farms, based on an extensive range of latest-generation vessels. The Group provides a local service through its 26 operating subsidiaries, close to clients and their operations, and it guarantees the highest standards of service quality and absolute safety worldwide.

BOURBON, a pure player in offshore, has two operating divisions: Marine Services and Subsea Services. BOURBON also protects the French coastline for the French Navy. Under the “BOURBON 2015 Leadership Strategy” plan, the company is investing US$2 billion in a large fleet and by 2015 it will have 600 innovative and high-performance offshore vessels.

Source: cggveritas, June 28, 2011; Image:stanfordmarinegroup

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Posted on June 28, 2011