2017 REGISTRATION DOCUMENT

BOURBON 2016 Registration Document 12 GENERAL INTRODUCTION TO THE GROUP 2 Activities 3.1 GEOGRAPHICAL FOOTPRINT BOURBON operates in the main oil producing areas, apart from the US section of the Gulf of Mexico. BOURBON is present in: 3 Africa, in particular the Gulf of Guinea; 3 the North Sea; 3 the Mediterranean Sea; 3 Brazil, Mexico and the Caribbean; 3 India and the Middle-East; 3 Australia; 3 South-East Asia. 3.2 MARINE SERVICES BOURBON is a leader in the offshore oil maritime services industry which relies on a modern, standardized and competitive fleet. The Group applies very high international quality standards in the supply of maritime services. Having made operational risk management its main priority, the Marine Services activity has established a Client satisfaction chain process. This unique organizational model focuses on the vessel which is in line with the four pillars of operational excellence: 3 safety of people and equipment, while respecting the environment, both on land and at sea; 3 competence to ensure service quality; 3 technical availability of the vessels, to ensure service continuity; 3 optimization of costs and fuel consumption (maneuverability of vessels thanks to azimuth thrusters and reduced diesel fuel consumption thanks to diesel electric propulsion). 3.2.1 The fleet – vessels dedicated to supporting offshore operations Anchor Handling Tug Supply vessels (AHTS) BOURBON’s AHTS are used to set up and anchor oil platforms. They have powerful engines and winches, can tow drilling rigs and barges, lay and lift anchors, and deploy various pieces of equipment related to oil production. Platform SupplyVessels (PSV) These vessels supply offshore rigs with special equipment and products. In addition to their large deck area, which enables them to transport all types of equipment such as irregular sized parcels, they have considerable storage capacity and optimized fuel consumption. BOURBON also provides seismic assistance and support services with a series of six hybrid propulsion seismic support vessels (SSV). Terminal Tugs BOURBON’s fleet of terminal tugs is used for assistance, standby and intervention operations on offshore oil and gas terminals, and is specialized in FPSO (floating production, storage and unloading unit) assistance. 3.2.2 CrewBoats The FSIVs (Fast Support Intervention Vessels) provide urgent supplies and transport of response teams. The surfers are fast crew boats that can transport personnel rapidly to offshore oil sites and serve platforms located in an oil or gas field. Since 1986, thanks to the skills of its teams, BOURBON has offered a safe and reliable personnel transport service, making the Group the world’s leading provider of this key service to the oil industry. 3.2.3 The fleet – Coastal protection These assistance and salvage tugs specialize in the protection of 3,120 km of French coastline and prevent vessel strandings, assist and rescue vessels in distress and fight against oil pollution. 3.2.4 Types of contract used Maritime services are governed by vessel time chartering contracts according to which the service is billed on the basis of daily rates. These services include the provision of the vessel and its crew to the oil operator for a period of time agreed in advance. These periods can vary from a few days to several years. The standard terms of these contracts are set out in a sample contract created by the BIMCO ( Baltic and International Maritime Council), which is commonly used in the industry. However, BOURBON also signs framework agreements with the oil majors (Exxon, Chevron, Total, BP, etc.), through its role as a strategic supplier of leading oil companies. From the start of operations, the performance of the service is closely monitored by the Contracts Manager who is the client’s main point of contact. His or her role is to be available at any time to meet client expectations and enable operational excellence targets to be met.