Bumi Armada's CEO Eyes FPSO Opportunities in India

Hess To Form MLP For North Dakota Oil, Gas Transport Assets
Bumi Armada CEO believes India offers exciting growth opportunities for companies serving the floating production, storage and offloading market.

Malaysia-listed Bumi Armada Berhad’s CEO Hassan Basma sees potential demand for as many as 30 floating production, storage and offloading (FPSO) vessels off India, as state-owned Oil and Natural Gas Corporation Ltd. (ONGC) ramps up cluster developments of oil and gas fields.

Hess To Form MLP For North Dakota Oil, Gas Transport Assets
Hassan Basma, CEO of Bumi Armada Source: Bumi Armada Berhad

 

Hassan described India as “a good address” for FPSO contractors with numerous “clusters of small fields” in ONGC-operated offshore blocks waiting to be commercialized.

Promising FPSO Market in India

Subject to regulatory approvals, the Bumi Armada CEO expects about 30 FPSOs will be required off India in the next five years.

Without identifying specific field locations, he flagged three FPSO requirements already on the horizon – one for gas and condensate production and two others separately for a gas development and an oil project.


123456

View Full Article

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
G.Jayasankar Pillai | Oct. 20, 2014
The right leadership uand the team work of the Armada "Army" is what makes BAE so successful. Commendable Achievements by the Army from the Land conquering the Seas...and getting knots ahead of the rest.

john weaver | Oct. 17, 2014
Bumi Armada ,having worked with them on the OYO, their skill sets iwere very good , met schedule John


Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Chloride Sales Manager
Expertise: Business Development|Customer Service|Sales
Location: The Woodlands, TX
 
Project Manager (Subs)
Expertise: Project Management
Location: Bremerton, WA
 
Operator Assistant I to Service Operator I- Nit
Expertise: Operations Management
Location: Rock Springs, WY
 
search for more jobs

Brent Crude Oil : $54.15/BBL 0.51%
Light Crude Oil : $51.47/BBL 1.45%
Natural Gas : $3.22/MMBtu 3.30%
Updated in last 24 hours