Malaysian oilfield services contractor Bumi Armada is in pole position to win a floating production, storage and offloading vessel tender for Australian independent Karoon Gas's Neon and Goia (formerly Echidna and Kangaroo) field developments in Brazil's Santos basin.

Industry officials said that as other bidders including Modec International, SBM Offshore, BW Offshore and Bluewater have walked away from talks with Karoon due to price concerns, Bumi Armada has emerged as the sole preferred bidder due to similar pricing ideas.