BOURBON wins a 3-year contract with Prime Energy in the Philippines

BOURBON announces of winning a long-term offshore services agreement, comprising of a 3-year firm period with a 2-year extension option, with Prime Energy Resources Development B.V. to support its offshore operations in the Philippines. This first collaboration with Prime Energy represents a significant milestone for BOURBON, as it opens a new operational footprint for the Group in the region. 

The result of a commercial partnership with Bahtera Sri Kandi Pte Ltd (BSKPL), the contract is scheduled to start in August 2026, with the deployment of the Bourbon Liberty 237, operated and managed by BOURBON. As part of this contract, the AHTS vessel undergoes a dedicated conversion program, enabling it to carry methanol for offshore operations. The upgrade program includes tank conversion, installation of dedicated pumping systems and Nitrogen Inert gas system, adapted pipelines and protective coatings, following approval by the maritime authorities and ABS classification society. 

The vessel will support Prime Energy’s Shallow Water Platform (SWP), performing condensate tanker lifting, static towing, AHTS operations as well as methanol supply to the SWP. The solution proposed by BOURBON is competitive, sustainable and immediately operational, thus consolidating the group’s position in the Philippines Oil and Gas market. 

“This new contract illustrates Prime Energy’s confidence in BOURBON’s ability to deliver safe, reliable and cost-effective maritime services, in full compliance with stringent regulatory and operational requirements,” said Karim Mebarek, Chief Commercial Officer of BOURBON.