Malaysia’s Bumi Armada Berhad has announced that its wholly-owned subsidiary, Armada Balnaves, has received notice from Woodside Energy Julimar terminating the contract for FPSO Armada Claire, currently operating in the Balnaves Field off north-western Australia.
, currently operating in the Balnaves Field off north-western Australia.Bumi Armada says it will fully enforce its rights under the contract as the termination is not valid, and tantamount to a cancellation of convenience, entitling the company to compensation from Woodside. It will now initiate legal proceedings against Woodside for what it says is an unlawful purported termination of the contract.
The FPSO vessel has been operations at Balnaves Field since delivering first oil in August 2014.
