Article: Bouygues Offshore Reports First Quarter Net Sales Increase 50%; Reports Record Backlog of Euros 924.8 Million, Up 127%.

MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--April 15, 1999--

Bouygues Offshore S.A. (NYSE: BWG) today announced net sales, new orders and backlog for the first quarter ended March 31, 1999.

Net sales for the 1999 first quarter rose 50% to Euros 236.6 million (US$ 265.1 million), compared to Euros 157.8 million in the 1998 first quarter period.

The backlog at the end of the first quarter was the highest in Bouygues Offshore's history, totaling Euros 924.8 million (US$ 999.6 million). The record backlog includes two major contracts awarded during the quarter: the Odidi Associated Gas Gathering project with Shell Petroleum Development Company ...

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