Bumi Armada sells FPSO for $40m

Bumi Armada sells FPSO for $40m

Malaysia’s Bumi Armada has entered into an agreement with Nigeria’s Century Energy Services Limited (CESL) for the sale of the Armada Perdana FPSO for $40m.

The FPSO, which has been out of contract in Nigeria since last year, will be deployed by CESL to a field off Nigeria.

Armada Perdana has been out of contract since charterer Erin Petroleum Nigeria and parent company Erin Energy Corporation filed for chapter 11 in the US in April 2018.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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