Petronas, TechnipFMC Sign Limbayong SURF Contract
gas, and injecting 75,000 b/d water -- and have storage for 600,000 bbls. Local content requirements for FPSO fabrication favor local contractors. The lease will be for 12 yrs firm + 3 + 3 + 2 yr options, WER has reported.According to WER, bids were submitted on Feb 2, 2021, with MISC, Yinson, Bumi Armada, and SIP are among the bidders. Petronas is the field operator and has 100% interest in Limbayong
Kenny Murdoch Named Acteon CFO
July 1.Murdoch joins Acteon with three decades of global financial leadership experience, with 27 years in the energy industry. He has spent 18 years of his career with Schlumberger in both regional and global finance roles. In 2010 he was appointed as Global CFO for Maersk Oil and then CFO of Bumi Armada, where he added investor relations and fundraising to his portfolio. Kenny has also worked across private equity backed projects.Ovenden will remain in his role and complete a handover process to his successor over the coming weeks.Carl Trowell, Group Chief Executive – Acteon, said, &ldquo
Armada Sterling III FPSO Named
In December 2014, Bumi Armada Berhad through its wholly-owned subsidiary Bumi Armada Offshore Holdings Limited (BAOHL), together with its joint venture company, PT Armada Gema Nusantara (PT AGN) were awarded a contract to supply one floating, production, storage and offloading vessel (FPSO) for the Madura BD Field, approximately 65 km east of Surabaya and about 16km south of Madura Island, offshore Indonesia issued by Husky-CNOOC Madura Limited (HCML). The contract is for a fixed charter of ten years and five additional annual options. “Armada Sterling III FPSO, is a unique project as
North Sea FPSO Power Contract for Wärtsilä
Offloading (FPSO) vessel to be deployed at the Kraken oilfield located in the U.K. sector of the North Sea. This EPC (engineering, procurement and construction) award comes from Armada Kraken Pte.Ltd, a wholly owned subsidiary of the Malaysia based international offshore oilfield services provider, Bumi Armada. Bumi Armada will be using a recently built Suezmax tanker for the FPSO conversion, which will have a storage capacity of 600,000 barrels. The Wärtsilä equipment will be delivered in mid 2015, and the FPSO is scheduled to start the production at the Kraken field in 2016. The
Keppel Wins $120m in Offshore Contracts
and Offloading (FSO) conversion, upgrading and repair works. Meanwhile, Keppel Nantong's two new projects reflect its growing newbuilding and fabrication capabilities." Keppel Shipyard's contracts are FPSO and FSO projects from Armada C7 Pte Ltd, (Armada C7), a joint venture company of Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (SP); Apache Energy Limited (Apache Energy); and EMAS AMC Pte Ltd (EMAS AMC). Keppel Shipyard has commenced work on the Armada C7 project, which is scheduled to complete in 3Q 2014. Keppel Shipyard's work scope includes refurbishment and life
Indian FPSO Finance Secured by Malaysian Operator
Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'. Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million (facility) 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 and expenses in relation to the
February 2025
