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  • 2018 August 6 10:08

    Bumi Armada Berhad signs contract with HLJOC for the charter of FPSO Armada TGT 1

    Armada TGT Ltd (“Armada TGT”), a wholly  owned subsidiary of Bumi Armada Berhad has signed a Bare Boat Charter Contract with Hoang Long Joint Operating  Company (“HLJOC”) for the charter of FPSO Armada TGT 1 with a firm  charter period from 27 August 2018 until 14 November 2024 (“Contract”) with a contract value of USD285 million (approximately RM1.16 billion). 

    The FPSO Armada TGT 1 has been chartered by Armada TGT to HLJOC to  operate in the Te Giac Triang field (“TGT field”) offshore Vietnam under a  seven - year firm Bare Boat Charter Contract  dated 1 September 2009 which  will expire on 26 August 2018. Following the signing of the Contract, the  FPSO Armada TGT 1 will continue to be chartered to HLJOC at the same  location from 27 August 2018 until 14 November 2024.

    The TGT field is owned and ope rated by HLJOC , which is a partnership  between  PetroVietnam Exploration Production Corporation , SOCO Vietnam  Ltd., OPECO Vietnam Ltd., and PTTEP Hoang - Long Company Limited.

    About Bumi Armada

    Bumi Armada Berhad is a Malaysia - based international offshore energy  facilities and services provider with a presence in over 17 countries spread  across five continents, supported by over 1, 700 people from over  49 nationalities. Bumi Armada Berhad provides offshore services vis two business units  – Floating Production and Operations (oil and gas solutions) and Offshore  Marine Services (“OMS”) (encompassing the Offshore Support Vessels  (“OSV”) and the Subsea Construction (“SC”) services). The two business  units are in turn supported by three support units, namely FPSO Sales, Major  Projects and Technology & Development. Bumi Armada is the fifth largest FPSO player in the world and an established  OSV owner and operator, with extensive experience across Asia, Africa and  Latin America.




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