Eni Angola has awarded Malaysia-based Bumi Armada Berhad a US$2.9bn contract for chartering, operation and maintenance of a floating production, storage and offloading vessel (FPSO) to be deployed at Block 15/06, located offshore Angola
The offshore oilfield services provider said that the Letter of Intent (LoI) from the Italian explorer authorises Bumi Armada Berhad to start engineering and procurement work on the FPSO, with a contract effective date of 28 March 2014.
Hassan Basma, CEO of of Bumi Armada Berhad, “This is the second time Eni has turned to Bumi Armada Berhad for an FPSO in West Africa and we will continue to collaborate with our tried and tested value-chain, as we have done in the past, to successfully deliver this project for our repeat customer.”
Basma added that this project is their first VLCC-tanker conversion. The FPSO is expected to be delivered in 31 months.
“This project will take Bumi Armada Berhad’s FPSO fleet to eight, clearly moving us into the top-tier of global FPSO players,” the CEO stated.
