Bourbon Secures Three-Year Offshore Services Contract in the Philippines

## Bourbon Wins Long-Term Offshore Contract in the Philippines French offshore vessel operator Bourbon has secured a significant long-term offshore services agreement with Prime Energy Resources, supporting the company's offshore operations in the Philippines, according to Splash247. The contract, structured with a three-year firm period and extension options, will be delivered in partnership with Malaysian offshore support vessel (OSV) player Bahtera Sri Kandi. The collaboration underscores a growing trend of international OSV operators forming regional partnerships to meet local content requirements and operational demands across Southeast Asian energy markets. ### Strategic Significance for Bourbon The deal represents a meaningful addition to Bourbon's order book in the Asia-Pacific region, where offshore energy activity — particularly in the Philippines — has been gaining momentum as the country seeks to develop its domestic hydrocarbon resources and reduce dependence on energy imports. For Bourbon, which has been actively repositioning its fleet and commercial strategy following a period of financial restructuring, securing long-term contracts in growth markets such as the Philippines signals continued recovery and strategic expansion in the offshore services sector. ### Regional OSV Market Context Southeast Asia remains one of the more active regions globally for offshore support vessel demand, driven by sustained upstream investment from national oil companies and independent operators. The Philippines, with its substantial untapped offshore reserves in the West Philippine Sea and surrounding basins, has attracted increasing interest from energy developers, creating downstream demand for marine logistics and support services. The partnership with Bahtera Sri Kandi reflects the importance of local and regional expertise in navigating the regulatory and operational landscape of Southeast Asian offshore projects. Further financial and operational details of the agreement were not disclosed at the time of reporting, according to Splash247. *Source: Splash247*