Wartsila, the marine industry’s leading solutions and services provider, has been awarded a major contract to design a series of four multi-purpose platform support vessels (MPSVs) for Armada Offshore MPSV Limited, a wholly-owned subsidiary of Bumi Armada Berhad, a Malaysian-based international offshore oilfield services provider and also the largest owner and operator of offshore support [...]
Malaysia-based international offshore oil and gas services provider, Bumi Armada Berhad has announced that its jointly controlled entity, SP Armada Oil Exploration Private Limited (SP Armada) has received a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited ( ONGC) for charter hiring of a Floating Production, Storage and Offloading Vessel (FPSO) for [...]
Bumi Armada Berhad, its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million from Allahabad Bank, Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank and Union Bank of India. The facility will be used to part finance all costs [...]
Bumi Armada’s FPSO (floating production, storage and offloading) vessel, “Armada Sterling” is ready for departure at Keppel Shipyard Singapore. FPSO Armada Sterling, the former 107,000 deadweight tonne tanker Monte Umbe, is designed for 50,000 bopd(Barrels of Oil Per Day ) production capacity and net storage capacity of 750,000 barrels and accommodation for a crew of [...]
Malaysia—based international offshore oil field services provider, Bumi Armada, announced today its newbuild programme, ’Steel on Water 2’ with the issuance of a Letter of Intent (“LOI”) for four Multi—Purpose Platform Support Vessels (MPSV), with an option to build four additional units. This newbuild programme follows fast on the heels of the company’s ‘Steel on [...]
Keppel Shipyard Ltd (Keppel Shipyard) has secured Floating Production Storage and Offloading (FPSO) upgrading projects from its long-term partners SBM Offshore N.V. (SBM Offshore) and Bumi Armada Berhad (Bumi Armada). The combined contract value of the two projects is S$170 million(approx USD 135.1 mln). The first project is from SBM Offshore to refurbish and [...]
Bumi Armada’s subsidiary, Armada TGT Ltd, signs Facility Agreement with seven financial institutions for facilities totalling USD 341.1 million (MYR1.08 billion equivalent) to finance costs related to the conversion and installation of the FPSO Armada TGT 1 for deployment in the Te Giac Trang Field, offshore Vietnam. Sumitomo Mitsui Banking Corporation is the coordinating bank, [...]
