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Bumi Armada boss sees better year ahead

Bumi Armada boss sees better year ahead
Bumi Armada is seen gaining greater strength this year as it rides on sterling performances last year, said ceo Hassan Basma was quoted as saying in local reports.

Hassan noted Bumi Armada had received a letter of intent for the largest floating production storage and offloading (FPSO) unit for the Angolan ENI Block 15/16 field which could add MYR9.5bn ($3bn) to the company’s orderbook.

Hassan also continues to see attractive prospects along the Atlantic Corridor in regions such as the West Coast of Africa and Latin America. “Four bids were submitted along the Atlantic Corridor, so hopefully one or more will come,” Hassan said.