Bumi Armada Wins Another Caspian Sea Pipelay Contract

Bumi Armada Wins Another Caspian Pipelay Contract

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad been awarded a contract by Momentum Engineering (LLC) to lay approximately 15km of various size pipelines in the Caspian Sea, offshore Turkmenistan.

The contract is for a period of thirty (30) days commencing from the early June 2012 with an extension option of a further fifteen (15) days from the initial period.

Executive Director/Chief Executive Officer, Mr Hassan Basma said:

“According to IEA, the Caspian region has ample oil and gas reserves and exports from the region could more than double over the next 25 years. Our Armada Installer with its newly installed 825 tonne crane, is one of only two derrick pipelay barges in the landlocked Caspian Sea and we are optimistic of growth in the region.

“This award together with the recent OOO Lukoil—Nizhnevolzhskneft contract brings the firm order book to over RM 7 billion.

Offshore Energy Today Staff, June 5, 2012