Monday, 7 May 2012

Bumi Armada unit gets RM198.9m contract

KUALA LUMPUR (May 7): Bumi Armada Bhd’s unit has secured a five-year contract worth US$65 million (RM198.9 million) to provide an accommodation workboat.

The company said on Monday that its subsidiary, Bumi Armada Navigation Sdn Bhd ("BAN") had been awarded the contract by Tecnologías Relacionadas con Energía y Servicios Especializados, S.A. de C.V. (TRESE).

“The Vessel will be providing accommodation and offshore support services in the Mexican territorial waters.

“TRESE is a Mexican Oil & Gas services company with interests in drilling, vessel chartering and accommodation services in Mexico,” said Bumi Armada.

The company said the Contract was for a period of five (5) years with an extension option of an additional five (5) years, and was expected to be effective from May 7, 2012.

Bumi Armada said the contract was expected to contribute positively to its earnings for the financial year ending Dec 31, 2012 and the financial periods thereafter for the duration of the contract.

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