KUALA LUMPUR (Jan 16): Bumi Armada Bhd’s subsidiary, Bumi Armada Navigation Sdn Bhd has secured a RM155 million contract from Petróleo Brasileiro S.A.
It said on Monday the contract was to provide one anchor handling towing support (AHTS) vessel to Petrobras in its hydrocarbon and mining activities in the Brazilian continental shelf.
“The contract is for a period of four years with an extension option of another four years. The contract is expected to be effective by the first quarter of 2012, when Petrobras is anticipated to formally accept delivery of the vessel,” it said.
Bumi Armada expected the RM155 million contract to contribute positively to the revenue and earnings for the financial year ending Dec 31, 2012 and the financial periods thereafter.
It said on Monday the contract was to provide one anchor handling towing support (AHTS) vessel to Petrobras in its hydrocarbon and mining activities in the Brazilian continental shelf.
“The contract is for a period of four years with an extension option of another four years. The contract is expected to be effective by the first quarter of 2012, when Petrobras is anticipated to formally accept delivery of the vessel,” it said.
Bumi Armada expected the RM155 million contract to contribute positively to the revenue and earnings for the financial year ending Dec 31, 2012 and the financial periods thereafter.
