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.