Malaysia-based offshore oilfield services provider Bumi Armada has signed a contract with Eni Angola to provide a floating, production, storage and offloading (FPSO) vessel offshore Block 15/06
The estimated value of the contract for the firm charter period of 12 years is approximately US$3bn, with a further aggregate contract value of US$0.9bn if Eni Angola exercises all the extension options, the Malaysian firm said.
The consortium of Bumi Armada Offshore Holdings Limited (BAOHL) and Angoil Bumi JV Lda (ABJL) will charter, operate and maintain the FPSO in deepwater offshore Angola.
The FPSO is expected to commence operations in Block 15/06 in Q4 2016.
Hassan Basma, CEO of Bumi Armada, said, “The contract for the Block 15/06 field marks Bumi Armada’s largest FPSO contract to date, in both contract value as well as the VLCC vessel, which we will be using for the conversion.
Bumi Armada said that it will be using a VLCC class tanker for this FPSO conversion.
The FPSO will utilise an external turret with 18 risers and umbilicals connected to the turret and will have a storage capacity of 1,800,000 barrels while having a crude oil production rate of 80,000 bpd, 120,000 barrels of water per day water injection and 3,398mn standard cu/m gas handling capacities. The fourth generation FPSO will have a topside weight of 15,000 tonnes and will be moored at a water depth of 450 metres.
According to the company, the FPSO for the Block 15/06 will take Bumi Armada’s total FPSO fleet to nine vessels.
