Bumi Armada unit in JV with S.P. Eng
KUALA LUMPUR: Bumi Armada Bhd, through whollyowned subsidiary Bumi Armada Offshore Holdings Ltd, has teamed up with S.P. Engineering Services Pte Ltd to establish a new joint venture (JV) called Armada 98/2 Pte Ltd in Singapore. Armada 98/2 has been set up for owning and undertaking the engineering, procurement and construction of a floating production, storage and off-loading vessel and to charter it on a bareboat charter basis to SPBA, in the event SPBAG awarded an FPSO project.