Bumi Armada gets USD 1.18bn FPSO offshore contract

Transport and Related Services

Husky-CNOOC Madura Limited (HCML) has issued a Letter of Intent (LOI) to Bumi Armada led consortium selected as the floating production, storage and offloading vessel (FPSO) lease contractor for the $1.18 billion Madura BD Field contract award, around 65 kilometres east of Surabaya and around 16 kilometres south of Madura Island, offshore Indonesia.

Companies of the consortium includes Bumi’s subsidiary, Bumi Armada Offshore Holdings Limited (BAOHL), along with its joint venture company, PT Armada Gema Nusantara (PT AGN). Read complete story at http://www.tendersontime.com/blog-detail/bumi-armada-gets-usd-118bn-fpso-offshore-contract-295.php