Bumi Armada wins Hoang Long prize

On the way: three traders wait for fishing boats to arrive at a port-market in Da Nang, Vietnam

Malaysia’s Bumi Armada is primed to supply the floating production, storage and offloading vessel for the Te Giac Trang (White Rhinoceros) oil project off Vietnam operated by the Hoang Long joint operating company.

Sources involved with the project told Upstreamonline that Bumi Armada landed the deal, for what is set to be the world’s shallowest water FPSO and is widely regarded to set a design precedent for shallow water FPSOs, particularly for the onerous conditions off Vietnam.

The Kuala Lumpur-based outfit is believed to have beaten competition from Prosafe Production, Singapore’s Swire Production, Norway’s BW Offshore and Monaco-based SBM Offshore.

Bumi Armada and Hoang Long are due to have a kick-off meeting in Kuala Lumpur this week and the Malaysian contractor is set to award the…

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