With two oil & gas discoveries in hand, Bumi Armada set to provide FPSO and FLNG or gas pipeline for Indonesian project

Armada Akia (ABV), a subsidiary of Malaysia’s Bumi Armada, and Pexco Tarakan have inked a production sharing contract (PSC) with the Indonesian Ministry of Energy and Mineral Resources for an exploration block in the Tarakan Basin, North Kalimantan Province. The Malaysian player will be tasked with providing a floating production storage and offloading (FPSO) vessel and a floating liquefied natural gas (FLNG) unit or gas pipeline for a potential development on this block.

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