Bumi Armada, Pertamina enter accord on Madura FLNG offshore Indonesia
Sept. 14, 2023
Bumi Armada has signed a provisional agreement concerning development of the Madura gas field and others in the area.
Courtesy Bumi Armada
Offshore staff
KUALA LUMPUR – Bumi Armada has signed a provisional agreement concerning the offshore Madura gas field and others in the area with PT Pertamina International Shipping (PIS), the logistics subsidiary of Indonesia’s state energy company Pertamina, and gas trading company PT Davenergy Mulia Perkasa.
This could lead to Bumi Armada and PIS collaborating to design, engineer, construct, install, commission, hook up and operate a floating natural gas liquefaction and storage facility at the field in the Madura Strait, and an LNG carrier to transport LNG to other users.
Bumi Armada also announced that its associated company Armada 98/2 Pte has achieved financial close under a long-term $948-million project financing facility for construction of the Armada Sterling V FPSO for the KG-DWN 98/2 development project Cluster-II field offshore Kakinada, eastern India.
The FPSO was recently awaiting hydrocarbons from ONGC to perform the tests needed to secure final acceptance.
