Malaysian contractor Bumi Armada has rolled out a contracting strategy to provide a floating production, storage and offloading vessel if it secures the major contract for TotalEnergies’ Cameia-Golfinho project offshore Angola.
Last year, the French energy giant provisionally lined up Bumi Armada to supply the FPSO which will have a production capacity of 100,000 barrels per day and be the first project in the Kwanza basin.
Since then, Bumi Armada and TotalEnergies have been grappling with rising supply chain costs, with the French supermajor determined to only sanction developments that are “resilient” to oil prices under $20 per barrel, have a breakeven cost of less than $30 per barrel and whose emissions are below 19 kilograms per barrel.
