Ghana: Bumi Armada in FPSO JV
Malaysia’s Bumi Armada and India’s Shapoorji Pallonji Oil & Gas have established a joint venture company in Ghana.
The Joint Venture named Bumi Armada Shapoorji Pallonji Ghana Limited (“BASPG”), was established on June 5, 2017, in Ghana, and it received the certificate of incorporation June 10, 2017.
The two companies have joined forces hoping to combine their respective capabilities and expertise in „with the intention of ultimately securing the award of a floating, production, storage and offloading (“FPSO”) project in Ghana.”
“The JV arrangement will enable the Bumi Armada Group to expand and carry out its business, as well as mitigate its financial and project risk exposure in respect of any FPSO project awarded, by leveraging on the parties’ strong history and experience in fabrication and construction related activities and the local experience,” Bumi Armada said.