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BOURBON Wins Contracts for Petrobras in Brazil

Bourbon Offshore Maritima, formerly Delba Maritima Navegacao, the BOURBON subsidiary in Brazil, has strengthened its position on the Brazilian market by signing contracts with Petrobras for 13 new vessels. The contracts cover:

- 1 Bourbon Liberty 200, an 80-tonne traction AHTS (Anchor Handling Tug
Supply vessel), for three years from May 2010;

- 7 Bourbon Liberty 100, a PSV (Platform Supply Vessel), for four years.
These vessels will be put into service between June and October 2010;

- 5 18-metre passenger transport crew boats, for 8 years. These vessels
will join other vessels of the same type that have already been
working for Petrobras in Brazil for two years and have given full

Christian Lefevre, Executive Vice-President and Chief Operating Officer of BOURBON announced:

"We are delighted to have been selected by Petrobras. This is a real boost to BOURBON in its strategy of investing in innovative high-performance vessels that help clients reduce their costs, in particular through our Bourbon Liberty series. It also demonstrates that the offshore market in Brazil offers numerous development opportunities that BOURBON is well equipped to support, through its subsidiary Bourbon Offshore Maritima, by offering our full array of services and technical expertise from a local base."