CW8888: Keppel got chance or not?
01-July-2014
Mr Michael Chia, Managing Director (Marine & Technology), Keppel
O&M, said, "We are pleased to be entrusted once again by our
longstanding customer Bumi Armada to be part of their significant FPSO
Armada Kraken project. We are indeed privileged to have the opportunity
to continue to contribute to the expansion of their FPSO fleet.
Bumi Armada has signed a contract to provide a floating
production, storage and offloading vessel for Italian major Eni's East
Hub project at the oil-rich Block 15/06 off Angola.
The signing formalises an award that saw a letter of intent signed in April and which Upstream had predicted in January.
Bumi
is providing the floater under a 12-year charter, operations and
maintenance contract worth an aggregate value of around $3 billion, or
$3.9 billion if all eight years' worth of options are exercised.
Due
on stream in the fourth quarter of 2016, the floater will be equipped
to store 1.8 million barrels of oil, with the capacity to handle 80,000
barrels per day of oil production.
It is the first time Bumi Armada will convert a Very Large Crude Carrier into an FPSO.
Posts
Bill Lehane
ReplyDelete19 August 2014 11:44 GMT
Canada’s Husky Energy has chosen a consortium led by Malaysia’s Bumi Armada to supply a floating production, storage and offloading vessel for the Madura BD field off Indonesia.