Bumi Armada bags RM3.76bil Indonesian job

File picture shows the FPSO Armada Sterling, which costs more than US$360mil. It is Bumi Armada Bhd's first newly-converted floating production storage and offloading vessel. It was chartered by India

PETALING JAYA: International offshore oilfield services provider Bumi Armada Bhd has clinched a US$1.18bil (RM3.76bil) contract to supply a floating production, storage and offloading (FPSO) vessel for the Madura BD Field in Indonesia.

In a filing with Bursa Malaysia, Bumi Armada said its unit Bumi Armada Offshore Holdings Ltd (BAOHL), along with its joint-venture company PT Armada Gema Nusantara (PT AGN), have been appointed as the FPSO lease contractor for the Madura BD Field, via a letter of intent (LOI) issued by Husky-CNOOC Madura Ltd ((HCML).