By Tara Patel
Feb. 9 (Bloomberg) -- Bourbon SA, owner of the world’s biggest fleet of supply ships for deep-water oil exploration, said fourth-quarter revenue rose 30 percent as it put new offshore vessels into service.
Sales rose to 258.2 million euros ($333 million) from 198.2 million euros a year earlier, Bourbon said today in a statement. Revenue at the offshore division increased 81 percent to 209.1 million euros as seven supply vessels and nine crew boats were commissioned, the company said.
The drop in oil prices “could impact the overall level of business activity,” Paris-based Bourbon said. “The effect on Bourbon is expected to be limited.”
Almost 90 percent of sales comes from major national and international oil companies “whose investment plans should remain strong,” the company said, adding that services are mostly for production and maintenance of projects which are “less sensitive to trends in oil prices.”
Bourbon is scheduled to report earnings March 26.
To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.net.
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