Bumi Armada unit in JV with S.P. Eng

New Straits Times - - Business | News -

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.

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