The French offshore giant booked profit of EUR 98.7m ($109m) against EUR 143.4m in 2013.

Annual adjusted revenue rose to EUR 1.385bn compared to EUR 1.312bn.

Its net debt was reduced to EUR 1.349bn and Bourbon will be able to pay a dividend of EUR 1.00, stable year-on-year.

Christian Lefevre, chief executive officer for Bourbon, said the company’s priority is cost reduction for the upcoming quarters.

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