KUALA LUMPUR: Bumi Armada Bhd's subsidiary has secured a US$740mil contract from India's Oil and Natural Gas Corporation Ltd (ONGC) to provide a floating production, storage and offloading vessel.
It said on Monday SP Armada Oil Exploration Private Ltd had received a notification of award from ONGC. It owns 49.998% of SP Armada while 50.002% is owned by Shapoorji Pallonji and Company Ltd of India.
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