Eni picks Bumi FPSO for Angola

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has received a letter of intent (LOI) from Eni Angola, a wholly-owned subsidiary of Eni, for a contract for the chartering, operation, and maintenance of an FPSO to a consortium of Bumi Armada Offshore and Angoil Bumi JV.

The deployment would be at block 15/06, East Hub, offshore Angola. The LOI authorizes Bumi Armada to start engineering and procurement work on the FPSO immediately, with a contract effective as of 28 March 2014.

First oil is scheduled for end October 2016. The contract has an indicative value of about US$2.9 billion (about RM9.5 billion).

Chief Executive Officer/Executive Director of Bumi Armada Hassan Basma said: “This LOI is our second large (capex of more than $1billion) FPSO award in six 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.

"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.”

Current News

Orsted South Fork Wind Farm Delivers First Power to NY Electric Grid

Orsted South Fork Wind Farm De

Seatrium to Build FPSO Topside Modules for MODEC

Seatrium to Build FPSO Topside

China's Envision Energy Says 'Easy' to Triple Renewables

China's Envision Energy Says '

ExxonMobil Forecasts Increases in Project Spending, Oil Output

ExxonMobil Forecasts Increases

Subscribe for OE Digital E‑News

Offshore Engineer Magazine