Abrupt FPSO cancellation a major setback for Bumi Armada, says Maybank IB

Bumi Armada's total order book as at end-March 2016 was RM36.4bil

KUALA LUMPUR : Maybank IB Research is reviewing its earnings forecast for Bumi Armada Bhd following the surprising cancellation of its floating production storage and offloading (FPSO) contract in the Balnaves field in northwestern Australia.

 

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