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Bumi Armada Berhad News

22 Nov 2019

FPSO Vessel Revenue to Reach $8.30Bln by 2026

The global floating production storage and offloading (FPSO) vessel market is expected to grow at a robust rate of 11.80% during the forecast period 2016 to 2026. Additionally, the revenue in the global FPSO vessel market is projected to reach up to US$8.30bn by the end of 2026.Growing demand for alternative sources of oil due to continual depletion of existing oil reserves drives the global FPSO vessel market, said a report by Transparency Market Research Market (TMR).On the basis of geography, Latin America held a large share until 2016. In the upcoming years Brazil is projected to hold a major share in the global floating production storage and offloading vessel market.

04 Sep 2019

NOV to Supply STP System

National Oilwell Varco, a provider of equipment and components used in oil and gas drilling and production, announced new contract award for submerged turret production (STP) system.APL, part of NOV's Completion & Production Solutions segment, has been awarded the supply of another large STP system, said a press release from NOV.This follows a recent  contract award from Samsung Heavy Industries Co. Ltd. for Reliance Industries' FPSO on the MJ field.This time, the system will be provided to a joint venture between Shapoorji Palloonji Oil and Gas and Bumi Armada Berhad. The STP system will be used for an FPSO vessel that will be deployed on the East Coast of India.The STP system is a unique and flexible turret mooring system for FPSOs.The STP swivel…

11 Feb 2018

Encik Rezza Resigns as ED of Bumi Armada Berhad

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced the resignation of Encik Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Marine Services (OMS) of Bumi Armada Berhad. Encik Rezza will officially relinquish his roles at the Group on the 28 of February 2018. He has requested an early release from the Group to pursue other interests outside the Group. Rezza joined Bumi Armada in September 2005 and prior to his current role as Head of the OMS business, he was the CFO. Bumi Armada Chairman Tunku Ali Redhauddin ibni Tuanku Muhriz said "I would like to thank Rezza for his contributions over the last 13 years and his dedication to grow the Company to what it is today.

13 Aug 2017

Bumi Armada Bags Additional Contract from Lukoil

Bumi Armada Bhd’s wholly-owned unit, Bumi Armada Caspian LLC, has signed a supplementary agreement worth RM576 million (USD 134 million) with Lukoil-Nizhnevolzhskneft LLC (Lukoil) for an additional engineering, procurement, construction and installation (EPCI) scope of work in Russia. Back in December 2013, Bumi Armada had bagged a 10-year, US$262 million contract from Russia’s Lukoil-Nizhnevolzhskneft Ltd. Bumi Armada said the additional scope will involve BAC’s marine spread to lay subsea pipelines and undertake post trenching and back-filling works on sections of the Filanovsky field in the Russian sector of the Caspian Sea. The works on the 20km of various pipelines will involve the Armada Installer and Armada Constructor vessels…

10 Apr 2017

LR to Perform Armada Olombendo FPSO Risk Inspection

Lloyd's Register has won an inspection contract with Bumi Armada Berhad for its Armada Olombendo FPSO. The contract agreement provides Bumi Armada with access to Lloyd’s Register’s risk-based inspection services and technical software which will help to develop quantifiable risk profiles. These profiles will give critical knowledge and insight for Bumi Armada Berhad’s management team on how best to approach short and long term CAPEX/OPEX decisions. The built-in risk inspection strategies used in the contract with Lloyd’s Register also provides a robust template for Bumi Armada Berhad’s baseline inspections and maintenance program while ensuring resources are focused on the high priority items first.

24 Oct 2016

Bumi Armada Berhad Names Its News FPSO

Naming Ceremony of Armada Olombendo (Photo: Bumi Armada)

Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider celebrated the naming ceremony of the Armada Olombendo Floating Production Storage and Offloading (FPSO) last weekend. Armada Olombendo FPSO represents Bumi Armada’s largest FPSO and it will operate in Angola on Block 15/06, East Hub, a wide area of 2,984 square-kilometer (km2) in the Angolan deep offshore, located approximately 350 km northwest of Luanda and 130 kilometer west of Soyo.

24 Oct 2016

Keppel to deliver third FPSO for Shapoorji Pallonji, Bumi Armada JV

Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to Armada Madura EPC Limited (Armada Madura), a joint venture between Shapoorji Pallonji Group (Shapoorji Pallonji) and Bumi Armada Berhad (BAB). The spread-moored FPSO unit was named Karapan Armada Sterling III during a naming ceremony held earlier this month at Keppel Shipyard. The FPSO will be deployed to the Madura BD Field in Madura Strait East Java which is operated by Husky-CNOOC Madura Limited (HCML). Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M…

28 Aug 2016

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to Armada Kraken Pte Ltd (Armada Kraken), a wholly owned subsidiary of Bumi Armada Berhad (Bumi Armada). The naming ceremony of the FPSO, Armada Kraken, was held at Keppel Shipyard yesterday. Armada Kraken is a harsh-environment FPSO unit that is designed for operations in the North Sea under a stringent regulatory regime. The FPSO vessel, which has a design life of 25 years without dry-docking, will be deployed to produce the heavy oil (API degree 14) found in the Kraken field in the UK sector of the North Sea.

05 Mar 2016

Bumi Armada Seeks Compensation for FPSO Termination

Malaysia’s Bumi Armada Bhd intends to fully enforce its rights, including initiating legal proceedings against Woodside Energy Julimar Pty Ltd for purportedly terminating its charter contract of the Armada Claire Floating Production Storage and Offloading (FPSO) unit. Bumi Armada Berhad has earlier announced that its wholly-owned subsidiary, Armada Balnaves, has received notice from Woodside Energy Julimar terminating the contract for FPSO Armada Claire, currently operating in the Balnaves Field off north-western Australia. The company claimed that the purported notice of termination was not valid, and instead it was tantamount to a cancellation for convenience or alternatively, was a repudiation of the contract by Woodside, pursuant to which the company was entitled to a compensation.

30 Dec 2015

Keppel Secures $125 mln Repeat Contracts

Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win strong support from repeat customers by securing four contracts worth a total of about S$125 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) secured two conversion contracts - the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada); the second is for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd (Yinson), a wholly-owned subsidiary of Yinson Holdings Berhad. Work on the LNG FSU conversion for Bumi Armada is scheduled to be completed in 3Q 2016.

29 Dec 2015

Keppel Wins $88.5M in Floating Production Contracts

Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million. In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) secured two conversion contracts - the first is for a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited, a wholly-owned subsidiary of Bumi Armada Berhad (Bumi Armada); the second is for a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd (Yinson), a wholly-owned subsidiary of Yinson Holdings Berhad. Work on the LNG FSU conversion for Bumi Armada is scheduled to be completed in 3Q 2016.

17 Sep 2015

Transas T-Bridge Installed on Ice Class Vessels

Photo courtesy of Transas Marine

Transas Marine informs it has installed and commissioned the Transas T-Bridge integrated bridge systems aboard three ice class vessels built by Keppel Singmarine, the specialized shipbuilding subsidiary of Keppel Offshore & Marine. Transas supplied Integrated Bridge Systems including full navigation systems, external and internal communication systems and CCTV. Transas said its T-Bridge is designed to add further safety to navigation, simplify bridge operations and offers a flexible bridge configuration.

11 Sep 2015

Bumi Armada Awaits Triple Delivery

Photo courtesy of Keppel Singmarine

Specialized shipbuilder Keppel Singmarine Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), says it is on track to deliver three ice-class vessels to Bumi Armada Offshore Holdings Ltd, a subsidiary of Bumi Armada Berhad in September. The new vessels, two supply vessels and one multipurpose duty-rescue vessel, were named Bumi Uray, Bumi Pokachi & Bumi Naryan-Mar, respectively, at a ceremony at Keppel Singmarine Thursday. Upon delivery, the vessels will support offshore platforms at the Filanovsky oil field in the northern part of the Caspian Sea…

11 Aug 2015

Keppel Shipyard Wins FPSO Conversion Contract

Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited, a joint venture between long-standing customer Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (Shapoorji Pallonji). "This is our third conversion/upgrading project for the joint venture," said Michael Chia, Managing Director (Marine & Technology), Keppel O&M.

10 Feb 2015

Dyna-Mac to Build FPSO Topsides for Armada Cabaca

Dyna-Mac has secured a Letter of Award (LoA) from Armada Cabaca Ltd. worth approximately $48 million (USD) for the construction of six FPSO topsides modules. Armada Cabaca Ltd, an affiliate of Bumi Armada Berhad (Bumi Armada), a Malaysia-based international oilfield services provider to the oil and gas industry, contracted Dyna-Mac for a scope of work including detailed engineering and the fabrication of six units of topsides modules for an FPSO vessel that will be deployed at Eni’s Block 15/06 East Hub field, located 350 km northeast of Luanda in deep water offshore Angola. The topsides FPSO modules are scheduled to be delivered to the owner within the first quarter of 2016.

08 Oct 2014

Keppel Bags Repeat Orders

Keppel Offshore & Marine Ltd wholly owned subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd have secured contracts from repeat customers worth a total of S$153 million. Keppel Shipyard's contract is for the conversion of a Floating Production Storage and Offloading (FPSO) vessel for Armada Cabaca Limited, a wholly owned subsidiary of Bumi Armada Berhad (Bumi Armada) while Keppel Nantong's contract is to construct a submersible barge for Smit Shipping Singapore Pte Ltd (Smit Shipping), a wholly-owned subsidiary of Royal Boskalis Westminster Group. Mr Michael Chia, Managing Director (Marine & Technology)…

11 Jul 2014

Cargotec to Supply Equipment for OSVs

MacGregor, a part of Finnish cargo-handling equipment maker Cargotec, has won an order to supply equipment for vessels to be built for Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider, Cargotec said on Friday. The order includes delivering equipment for three ice-class vessels and a shallow water pipe laying barge by mid-November, and the gain will be booked into the second quarter results, the company said in a statement. Cargotec did not provide the value of the deal. Reporting by Nerijus Adomaitis

17 Mar 2014

Keppel Reports Batch of New Projects

Keppel Offshore & Marine Ltd.'s (Keppel O&M) subsidiaries Keppel Shipyard Ltd., Keppel Singmarine Pte Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts worth a total of about S$140 million. Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said, "We are happy to be able to offer our comprehensive suite of offshore and marine solutions to our valued repeat customers, who are once again placing their confidence in Keppel by entrusting their projects with us. Keppel Shipyard will undertake for SOFEC, Inc. (SOFEC) the fabrication of an external turret mooring system for an FPSO vessel that will operate in the Tweneboa-Enyenra-Ntomme fields in Ghana, in water depth averaging 1,500 meters. Fabrication of the turret is expected to be completed in 1Q 2015.

16 Dec 2013

Keppel Wins $120m in Offshore Contracts

Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total. "We are glad to have the support of repeat and new customers for a range of offshore and marine projects," said Michael Chia, MD (Marine and Technology) of Keppel O&M. "Keppel Shipyard's latest contracts bear testament to its extensive expertise and experience in Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) conversion, upgrading and repair works.

11 Nov 2013

Sealink Connects with BASSnet Software

Shipping solutions provider BASS is going deep into Malaysian waters, signing on Sealink Sdn Bhd, a wholly-owned unit of Sealink International Bhd, to equip it with the state-of-the-art Human Resource Management solution, BASSnet  HRM 2.8. The contract, finalized at the end of June, involves equipping the publicly-traded Sealink’s fleet of more than 40 ships with BASSnet  HRM 2.8, the latest edition in Human Resource Management solutions. BASSnet  HRM 2.8, a web-based solution…

30 Aug 2013

Fugro & Bumi Armada in Offshore Joint Venture

Armada Hawk: Photo credit Bumi Armada Berhad

Fugro and Malaysia Oilfield Services company, Bumi Armada Berhad, are entering into a Joint Venture to target  to the well services industry. The new venture, in which Fugro has a 49% interest and Bumi Armada a 51% interest, will feature a multi-disciplined team made up of members of both companies with skills in marine operations, well intervention and drilling operations. The new company will leverage the strengths of each party to develop new lines of business in the fast expanding well services segment, and will widen each companies offering to their respective client bases.

08 Apr 2013

Wärtsilä to Design & Power New OSV's

WSD 1000 MPSV's: Image credit Wärtsilä

Wärtsilä awarded a major contract to design a series of four multi-purpose platform support vessels (MPSVs) for Malaysian owner. The contract has been placed by Bumi Armada Berhad, a Malaysian-based international offshore oilfield services provider and also the largest owner and operator of offshore support vessels in Malaysia. Wärtsilä will also supply a comprehensive solutions package for each of the vessels. The vessels will be built by a subsidiary of Nam Cheong Limited, Malaysia's largest Offshore Support Vessels builder…

19 Dec 2012

Indian FPSO Finance Secured by Malaysian Operator

Bhumi Armardi FPSO: Photo courtesy of Bumi Armada

Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'. Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million (facility) from Allahabad Bank, Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank and Union Bank of India.

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