Bumi Armada Lands $300M LNG FSU Contracts for EGM in Malta

Bumi Armada Berhad, a Malaysian offshore oil and gas services provider, reported Tuesday that its subsidiaries Armada Floating Gas Storage Malta Ltd. and Armada Floating Gas Services Malta Ltd. have entered into agreements Monday with ElectroGas Malta Limited to convert, supply, operate and maintain a floating storage unit (FSU) for the project linked to the construction and operation of an liquefied natural gas (LNG) receiving terminal located at Delimara, Malta.

The contracts, effective April 13, are for a firm period of 18 years and 2 months and are valued at approximately $300 million (MYR 1.1 billion). The FSU is scheduled to commence operations in Delimara in 2016.

“These contracts are a significant milestone for Bumi Armada’s new venture in the promising floating LNG business. The project is of national importance to Malta and we are proud of being entrusted to deliver a critical part of this project,” Chan Chee Beng, executive director and the acting CEO of Bumi Armada said in a press release Tuesday.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Superintendent, Construction
Expertise: Construction Engineer|Mechanical Technician
Location: Alvin, TX
 
Corrosion Technician I
Expertise: Corrosion Engineering
Location: Houston, TX
 
Maintenance Technician - C
Expertise: Maintenance Technician|Mechanical Technician
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours