KUALA LUMPUR: Bumi Armada Bhd
said it has secured a new six-year bare boat charter contract extension for its floating, production, storage and offloading (FPSO) vessel in Vietnam for a contract value of US$285mil (RM1.16bil).
The FPSO Armada TGT 1 has been operating in the Te Giac Triang (TGT) field since Sept 1, 2009 with the existing contract expiring on Aug 26.
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