Bumi Armada Bhd's contract to provide its floating production, storage and offloading (FPSO) unit in the Okoro-Setu field, off Nigeria, has been extended another year.
It said on Tuesday Afren Energy Resources Ltd had exercised the first of the five one-year extensions from the original contract for the FPSO Armada Perkasa with effect from July 1, 2013.
The Malaysia-based international offshore oil and gas services provider said the contract extension was estimated at RM100mil.
Bumi Armada CEO Hassan Basma said its Armada Perkasa unit had been operating for Afren since 2008 with 99.8% uptime and it achieved its 1,000 days without loss time injuries in July this year.
"This contract extension underscores our international expansion and consolidation in our strategic markets of Africa, particularly in the Gulf of Guinea," he said.
The Armada Perkasa, which is 211.2 m long and weighs 58,557 deadweight tonnes, has a production capacity of 27,000 barrels per day of liquids and storage capacity for 360,000 barrels.
