Exploring opportunties: A file picture shows one of Bumi Armada’s FPSOs. The company, which narrowed its cumulative net loss for the year to RM149.49 after posting RM70mil net profit for the quarter ended Sept 30, has an order book of RM29bil, with potential extensions amounting to RM15.6bil.
PETALING JAYA: Oil and gas services provider Bumi Armada Bhd
’s wholly-owned subsidiary, Armada Cabaca Ltd, has secured a syndicated facility worth US$1.12bil (RM4.8bil).
It comprised of a term loan facility, a standby letter of credit facility and a bank guarantee facility.
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