Bourbon exercises option

Bourbon Offshore Norway AS has, through the company Bourbon Ships AS, exercised an option to build an ULSTEIN P105 supply vessel at Ulstein Verft AS. The new contract is worth around NOK 220 million. “This is more than just the exercising of an option for us. It is a vote of confidence in everyone who works for the Ulstein Group,” says the Ulstein Group?s CEO, Gunvor Ulstein.

In February this year Ulstein Verft had signed a contract with Bourbon for the delivery of a P105 in February 2005.