Malaysia-based Bumi Armada Berhad announced that Afren Energy Resources Ltd. extended its contracts with Armada Floating Solutions Ltd. and Bumi Armada (Singapore) Pte Ltd for the bareboat charter and the operations & maintenance respectively of the FPSO Armada Perkasa for another two years, with effect from July 1, 2014. The extension of the contracts for the Armada Perkasa, which has been operating offshore Nigeria in the Okoro-Setu field, is estimated at about US $69.27 million.
“Our Armada Perkasa, has been operating for Afren since 2008 with more than 98% uptime,” Hassan Basma, executive director and CEO of Bumi Armada said. “The extension of the two-year contracts by Afren is for the second and third optional extension years and underscores the quality of the asset and the operations and maintenance services provided by BAB Group.”
The Armada Perkasa, which is 211.2 m long and weighs 58,557 deadweight tonnes, has a production capacity of 27,000 bo/d of liquids and storage capacity for 360,000 barrels. To date, the FPSO has lifted over 32 Mmbo. The original contracts were first awarded in 2007, to take effect from July 1, 2008, for a fixed term of five years with five one-year extension options thereafter. The initial optional extension of the contracts was extended in October 2012, for a one year period with effect from July 1, 2013.