General – Philippines
BOURBON announces that it has won a long-term offshore services agreement with Prime Energy Resources Development.
The agreement comprises a three-year firm period with a two-year extension option, to support its offshore operations in the Philippines.
This first collaboration with Prime Energy is a significant milestone for BOURBON, as it establishes a new operational presence 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.
