The firm 18 years and two months’ lease and operate contract is worth about $300 million to the company, which specialises in floating production, storage and offloading units.
“The revenues may not compare to FPSOs but it is a good market entry,” says Bumi Armada’s vice president of floating gas solutions, Luc Pescio.
Bumi Armada is also targeting floating LNG and floating storage and regasification units.
