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Bumi bags Lukoil EPCI in Caspian

By  OE Staff Friday, 11 August 2017 15:29

Bumi Armada has signed a supplementary agreement with Lukoil for additional engineering, procurement, construction and installation (EPCI) work at the Filanovsky field in the Russian sector of the Caspian Sea.

Aramada Installer. Image from Bumi.

The additional scope involves Bumi Armada’s subsea construction assets to lay about 20km of subsea pipelines and undertake post trenching and back-filling works on sections of the Filanovsky field.

Bumi is using the Armada Installer and Armada Constructor vessels.

Project preparation activities have started and completion of the scope is expected before the end of 2018. The total contract value is US$134 million (approximately RM576 million).

The deal is between Bumi subsidiary Bumi Armada Caspian (BAC), and Lukoil-Nizhnevolzhskneft. 

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2018-09-21 05:05:09am