Contract extension for Bumi Armada’s FPSO Armada Perkasa worth approximately RM 100 million

Underscores its international expansion
and consolidation in Africa

23 October 2012

Malaysia-based international offshore oil and gas services provider, Bumi Armada Berhad announced today that Afren Energy Resources Limited has exercised the first of the 5 one year extensions from the original contract for the FPSO Armada Perkasa with effect from 1 July 2013. The contract extension for the Armada Perkasa, which has been operating offshore Nigeria in the Okoro-Setu field, is estimated at approximately RM 100 million in total.

Mr Hassan Basma, Executive Director/Chief Executive Officer of Bumi Armada said, “Our Armada Perkasa, has been operating for Afren since 2008 with 99.8% uptime and it achieved its 1,000 days without LTIs* in July this year. This contract extension underscores our international expansion and consolidation in our strategic markets of Africa, particularly in the Gulf of Guinea.”

The Armada Perkasa, which is 211.2 m long and weighs 58,557 deadweight tonnes, has a production capacity of 27,000 bbls/day* of liquids and storage capacity for 360,000 barrels. The FPSO underwent a recent de-bottlenecking which takes the potential production capacity from 27,000 to 35,000 bbls/day of fluids. To date, the FPSO has lifted over 24 million barrels of oil.

The original contract was a fixed term of five years with five one year extension options thereafter.

LTIs – lost time injuries
bbls/day – barrels per day

About Bumi Armada Berhad
Bumi Armada Berhad is a Malaysia-based international offshore oil field services company serving its clients in over 10 countries across Asia, Africa and Latin America.

Bumi Armada provides these offshore services via 4 main business units and 3 support units. The main business units are Floating Production, Storage and Offloading (“FPSO”), Offshore Support Vessels (“OSV”), Transport and Installation (“T&I”) and Oil Field Development (“OFD”). These are complemented by 3 support units which are Asset Management & Operations (“AMO”), Engineering and Technology (“E&T”) and Major Projects.

With over 40 OSVs and 3 FPSOs in operation (and 2 more under conversion), a derrick pipe-lay barge and a SURF vessel, Bumi Armada is the largest OSV owner operator in Malaysia and the fifth largest FPSO operator in the world. For more information, please refer to www.bumiarmada.com.

Bumi Armada press release