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
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 2024
