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Bumi Armada has won a contract to supply Eni with an FPSO for its Angolan projects.

31st March 2014

Kuala Lumpar-based Bumi will sign a USD 2.9bn with Eni to charter, operate and maintain a floating production, storage and offloading vessel for use in the East Hub Block 15/16 offshore Angola.

Bumi is contracted to build a USD2.9 bn FPSO by Italian multinational, Eni
Bumi is contracted to build a USD2.9 bn FPSO by Italian multinational, Eni

Malaysian firm Bumi will sign a USD 2.9bn with Eni to charter, operate and maintain a floating production, storage and offloading vessel for use in the East Hub Block 15/16 offshore Angola.

Eni has issued Bumi Armada with a letter of intent for the award of the contract that is due to commence on 28 March.

Bumi will begin work immediately.

Hassan Basma, chief executive officer/executive director of Bumi Armada, said: “This LOI is our second largest FPSO award in 6 months and underscores our successful migration into the large-project FPSO sector.

This is the second time Eni has turned to Bumi Armada for an FPSO in West Africa and we will continue to collaborate with our tried and tested value-chain, as we have done in the past, to successfully deliver this project for our repeat customer.

This project is our first VLCC-tanker conversion. The Armada Ali will be used for conversion. The 15/06 FPSO will be delivered in 31 months and this project will take Bumi Armada’s FPSO fleet to eight, clearly moving us into the top-tier of global FPSO players.”

The FPSO is scheduled to become operational on 26 October 2016.

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