Bumi Armada secures contracts from ONGC

Malaysian offshore service provider Bumi Armada has secured two contracts from India’s state-owned oil company ONGC for works to support the Armada Sterling FPSO in Mumbai.

One contract is for a bareboat charter charter with an estimated value of $370m and the other is for operation and maintenance services and has an estimated total value of $124.7m.

Both contracts are for a fixed period of 10 years with an annual option to extend for up to five additional years, and will be effective from September 25.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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