Bumi Armada Receives First of Four PSVs

Malaysia-based international offshore oilfield services company, Bumi Armada Berhad (Bumi Armada) announced that it took delivery of the first of four PSVs (platform supply vessels) from Sentinel Offshore (L) Ltd on 31 July 2013 at the Xiamen Shipyard in China.

The contract for the four PSVs which is worth approximately USD80 million (RM260 million) is part of the company’s OSV fleet expansion programme.

Bumi Armada’s Executive Director and CEO, Mr Hassan Basma said: “The purchase of these four PSVs is another part of our fleet expansion programme ‘Steel on Water 2’ which was initiated last year. Earlier this year, we had placed a USD 130 million order for four DP2* diesel-electric MPSVs (with an option for another four) and acquired a DP2* diesel-electric MPSV, the Armada Condor.

“Through a build/buy strategy, we aim to increase both the size of our fleet to 80 to serve clients in Asia, Africa and Latin America as well as the quality of vessels; vessels that are Green, Clean, Safe and Fuel Efficient (CCSE).”

The PSV named Armada Tuah 303, is a 75 m long platform supply vessel which has cargo capacity of 3,300 tonnes, tanks for liquid mud/brine, base oil, dry bulk, fuel and water. The ABS-classed DP2 platform supply vessel features 700 square meters of free deck space, accommodation for 50 persons, fire-fighting capability and oil recovery Class-C.

The next PSV will be delivered by the end of Q3 2013 while the remaining two PSVs will be in the fourth quarter of 2013.

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Press Release, August 20, 2013