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Bumi Armada picks up $15.8m PSV contracts in Angola

Bumi Armada picks up $15.8m PSV contracts in Angola
Bumi Armada continues to rack up wins, securing firm platform support vessel (PSV) charter contracts from West Africa-based Interoil Angola Limitada worth MYR52.6m ($15.8m), with an additional MYR105.2m if the extension options are fully exercised.

The company said in a stock market announcement that its unit had clinched jobs to charter two PSVs to support Total E&P Angola’s drilling campaign on Block 32, offshore Angola.

"Angola is a critical market in West Africa and produces 1.7m barrels of oil per day. These contracts underline our expanding footprint in West Africa," said chief executive Hassan Basma.