FPSO Armada Perdana, file image courtesy Bumi Armada
KUALA LUMPUR, Feb 19 (Reuters) – Malaysian oil field services firm Bumi Armada Bhd said it has secured $381 million worth of contract extensions for its floating production, storage and offloading (FPSO) vessel in the Oyo field located offshore Nigeria.
Bumi Armada said its subsidiaries signed two contracts with Oceanic Consultants Nigeria to continue chartering the FPSO and providing operational and maintenance services for the vessel.
Oceanic Consultants Nigeria will provide the FPSO and the related services to the CAMAC Energy Inc, operator of the Oyo field.
The contracts run for seven years from January 1 2014 with an option to extend at a cost of $108 million, Bumi Armada said.
The Bumi Armada FPSO has been deployed to work at the Oyo field since 2008 under contracts with previous operator Nigerian Agip Exploration Ltd which ended in December.
(c) 2014 Thomson Reuters, All Rights Reserved
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The United States and the European Union agreed on a framework trade deal, which leaders on both sides of the Atlantic said would end months of uncertainty for industries and consumers.
CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalized anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.
After nearly a decade of inactivity following one of California’s worst oil spills in recent history, production has resumed at the Santa Ynez Unit (SYU) in the Pacific. The restart...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
