Bumi Armada Takes Delivery of Newbuild PSV from Sentinel Offshore

Malaysia-based offshore oilfield services company Bumi Armada Berhad took delivery of the first of four platform supply vessels (PSVs) from Sentinel Offshore (L) Ltd. July 31 at the Xiamen Shipyard in China.

The contract for the four PSVs, worth approximately $80 million (MYR 260 million), is part of the firm's offshore support vessel (OSV) fleet expansion program.

The new PSV, named Armada Tuah 303, is a 246 feet (75 meter) long vessel equipped with a cargo capacity of 3,300 tons, tanks for liquid mud/brine, base oil, dry bulk, fuel and water. The American Bureau of Shipping-classed DP2 PSV features 7,535 square feet (700 square meters) of free deck space, accommodation for 50 persons, fire-fighting capability and oil recovery Class-C.

“The purchase  of  these  four  PSVs  is  another  part  of  our  fleet  expansion programme "Steel on Water 2" which was initiated last year. Earlier this year, we had placed a $130 million order for four DP2 diesel-electric MPSVs (with an option for another four) and acquired a DP2 diesel-electric multi-purpose platform support vessel (MPSV), the Armada Condor. Through a build/buy strategy, we aim to increase both the size of our fleet to 80 to serve clients in Asia, Africa and Latin America as well as the quality of vessels; vessels that are Green, Clean, Safe and Fuel Efficient (GCSE),” Bumi Armada's Executive Director and CEO Hassan Basma said in a company release.

The company said the next PSV will be delivered by the end of 3Q 2013, while the remaining two PSVs will be handed over in 4Q 2013.



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