Bumi Armada subsidiary wins RM3.9bil FPSO JV contract


KUALA LUMPUR: PT Armada Gema Nusantara (PT AGN), a consortium led by a Bumi Armada subsidiary, has signed a contract worth RM3.98bil to supply a Jakarta-based oil-and-gas company with one floating, production, storage and offloading (FPSO) vessel.

The signing follows several announcements made by Bumi Armada beginning in Aug 19, 2014 on the Letter of Intent issued by Husky-CNOOC Madura Ltd (HCML) for the award of the contract to PT AGN.

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