Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Bumi Armada-Husky FPSO deal postponed

Bumi Armada's MYR3.76bn ($1.15bn) floating production storage and offloading (FPSO) vessel deal with Husky-CNOOC Madura (HCML) is being dragged out as both sides have mutually agreed to extend the execution date of their contract, according to a stock market release.

Bumi Armada said the Letter of Intent (LOI) is set to terminate on 31 October, subject an extension to be mutually agreed between the two parties.The LOI signed on Aug 8 was for a 10-year FPSO contract with options of five annual extensions worth MYR469m.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Looking For Suppliers?

Maritime Market is the online marketplace for the global maritime industry, making it easy to connect with suppliers 365 days a year. Powered by an extensive database of maritime professionals and businesses.