A number of market sources said Bumi has the edge over its only remaining rival, Milan-based Saipem, although one Angola-based project watcher urged caution, saying until state oil player Sonangol rubber-stamps the proposed award, things could change.
One key factor in Bumi’s emergence as current favoured bidder for this order — which would mark is debut in Angola — is thought to be Saipem’s perceived move away from the FPSO business.
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