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Herve Le Bouc News

06 Mar 2001

First Contract for the Saibos FDS in GOM

Bouygues Offshore, through its Saibos CML subsidiary, has signed with Saipem Inc. a pipelaying contract for the Canyon Express project in the Gulf of Mexico for TotalFinaElf E&P USA Inc. The $30 million contract (USD 15 million for Bouygues Offshore) consists in: Commenting on this contract, Herve Le Bouc, Chairman & CEO of Bouygues Offshore stated: "It will be the first time in the world that one put down rigid pipe in such water depths. After Canyon Express, the Saibos FDS(R), a dynamically positioned vessel especially designed for deep water fields developments, will set sail for West Africa to start the Girassol project."

27 Sep 2001

Bouygues Offshore: Cawthorne Channel Pipelines, a $60 Million Contract in Nigeria

Bouygues Offshore has been awarded a contract with the Shell Petroleum Development Company of Nigeria Limited for the pipelines aspect of the Cawthorne Channel integrated project in Nigeria. The estimated value of the scope is $60 million. It calls for engineering, procurement, laying and commissioning of pipelines. For a total of 74 km with diameter from 4" to 24", the pipelines will be installed in the swamp area of the Niger Delta, south of Port Harcourt. The project duration is 19 months. Commenting on this project, Herve Le Bouc, Chief Executive Officer of Bouygues Offshore, stated: "The laying of large diameter pipelines in the swamp area is one of Bouygues Offshore's specialties.

30 Oct 2001

Bouygues Offshore Announces Management Changes

Herve Le Bouc will now serve as Chairman of Bouygues Offshore and ETDE (Bouygues Construction's electrical contracting and networks subsidiary) while Jacques Leost will become CEO of Bouygues Offshore. Herve Le Boucwas Chairman and CEO of Bouygues Offshore since 1999. COO from 1994 to 1996 and Vice President Europe -Middle East - Pacific Area - Mexico from 1989 to 1994. Prior to joining the Company, Herve Le Bouc served as special director to the President of Screg from 1985 to 1989. Jacques Leost was Managing Director and COO of the Bouygues Offshore since 2000. Previously Jacques Leost was COO from 1996 to 2000, vice president Africa - North Sea - Mexico from 1993 to 1996 and manager of Nigerian Operations from 1989 to 1993.