MAY 2, 2013 — Paris-headquartered offshore services provider Bourbon reports that at Euros 315.1 first quarter revenues were up 13.4 percent compared with first quarter 2012 (EUR 278 million) and stable compared with fourth quarter 2012 due to seasonal effects

Bourbon CEO Christian Lefèvre

"In a favorable context for the oil and gas and related services industry, Bourbon is continuing to grow. Daily rates for vessels with contracts renewals continue trending upwards," says Christian Lefèvre, Chief Executive Officer of Bourbon. "In the first quarter, Bourbon took delivery of 4 supply vessels, 1 IMR vessel and 5 crewboats. The activity was affected by the seasonal impact of the North Sea winter and the South-East Asia monsoons. 23 classification dry-docks were scheduled for the supply and IMR vessels during this period of reduced activity.The remaining quarters of the year will see a 25% decrease in the number of classification dry-docks in a market stimulated by growing demand for vessels."

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