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MISC-Bumi Armada merger too difficult to pull off, says UOB Kay HianIf successful, the merger could create an entity rivalling Japan’s Modec Inc that now owns the most floating production, storage and offloading (FPSO) vessels. Bumi Armada said that it is ...
In a note on Monday, AmResearch said the higher SOP stems from raised capex assumption for the very large FPSO vessel – up from US$700mil to US$1bil, reflective of Bumi Armada’s Block 15/06 ...
PETALING JAYA: Bumi Armada Bhd ’s unplanned shutdown of the Armada Kraken floating production, storage and offloading (FPSO) which is mobilised in the UK North Sea has been restored following ...
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