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Bumi Armada Signs USD 65 m Charter Contract

Source: www.gulfoilandgas.com 5/7/2012, Location: South America

Malaysia-based international offshore oil field services provider, Bumi Armada Berhad (Bumi Armada), announced that its subsidiary, Bumi Armada Navigation Sdn Bhd, has signed a five-year charter and operations contract with a Mexican company, Tecnologias Relacionadas con Energia y Servicios Especializados S.A. de C.V. (TRESE) for its accommodation workboat, Armada Firman 3.

Armada Firman 3 will provide accommodation and offshore services to support oil field activities in the Mexican territorial waters. The 75 m long vessel with DP2 (dynamic positioning) capability is classed by ABS to safely accommodate 218 non-industrial personnel as per SOLAS requirements. It is equipped with 600 m2 deck space and a 40 tonne SWL (single wire line) deck crane for maintenance and installation activities. This five-year contract is estimated to be worth approximately USD 65 million and comes with an option for extension of a further 5 years. The contract is expected to be effective 7 May 2012.

Commenting on the contract, Bumi Armada’s Executive Director and CEO, Mr Hassan Basma said, “Mexico is the seventh largest oil producer in the world and we are pleased to be a part of this region.”

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