Kuala Lumpur: According to analysts at AmResearch Bumi Armada bid for the 15-year Madura floating production storage and offloading (FPSO) vessel charter contract may be re-tendered as the proposed prices came in over 40% of the $857m budget approved by Indonesia’s upstream regulatory body.
Under Indonesia’s tender regulations, AmResearch reckons the operator Husky Energy will call on the two final bidders to re-negotiate the commercial terms.
This would involve Bumi Armada and a three-party consortium of Indonesia’s Sillo Maritime and Singapore-based Ezra Holdings’ Emas Offshore Construction & Production (EOC) and Federal Offshore Service. [15/04/13]
