Bumi Armada supplies Interoil PSVs

January 23, 2014

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad’s wholly-owned subsidiaries, Armada Offshore OSV Ltd. and Bumi Armada Ltd. received letters of award (LOA) from Interoil Angola Limitada, a leading player in offshore accommodation in West Africa for the charter of  two platform supply vessels (PSV), Armada Tuah 306 and Armada Tuah 302, respectively.

The PSVs will be supporting Total E&P Angola on the drilling campaign on block 32 offshore Angola.

The contracts for both vessels are worth US$ 16 million in aggregate for an initial operation period of one year firm, with four options of six months each at an aggregate value of $32million, if the options are fully exercised by Interoil.

“Angola is a critical market in West Africa and produces 1.7Mmbo/d.These contracts underline our expanding footprint in West Africa and the increasing importance of Angola to our operations,” CEO of Bumi Armada, Hassan Basma said.

Measuring 75m in length, Armada Tuah 306 and Armada Tuah 302, are American Bureau of Shipping- classed (ABS) PSVs, equipped with dynamic-positioning capabilities and fitted with fixed pitch propeller (FPP) Azimuth Thrusters, an arrangement in which the propeller is placed in pods that can be rotated in any horizontal direction.

With 700sq m free deck space for loading of food and materials, both vessels are able to transport liquid mud, brine, fuel oil, fresh water and dry bulk.

In addition to that, the Armada Tuah 306 also has capability to transport methanol, while the one-year old Armada Tuah 302 will be repositioned to Angola for this assignment. This will be the maiden voyage and assignment for the Armada Tuah 306. Both contracts are expected to contribute positively to the revenue and earnings of the Bumi Armada Group for the financial year ending Dec 2014, and the financial period thereafter for the duration of the contracts.

Pictured: Bumi Armada's Armada Tuah 306



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