Vietnam: Bumi Armada Inks Agreement to Finance Conversion and Installation Costs of FPSO Armada

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, [...]