Bumi Armada Berhad is an

oilfield services This is a list of oilfield service companies – which provide services to the petroleum exploration and production industry but do not typically produce petroleum. In the list, notable subsidiary companies and divisions are listed as sub-lists o ...

company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in

Kuala Lumpur Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population ...

, Malaysia, and has operations in

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West Africa West Africa, also known as Western Africa, is the westernmost region of Africa. The United Nations geoscheme for Africa#Western Africa, United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Gha ...

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Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

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and the

Caspian Sea The Caspian Sea is the world's largest inland body of water, described as the List of lakes by area, world's largest lake and usually referred to as a full-fledged sea. An endorheic basin, it lies between Europe and Asia: east of the Caucasus, ...

region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels. Bumi Armada's operations are divided into two businesses: Floating Production & Operations (FPO) and Offshore Marine Services (OMS), (encompassing Offshore Support Vessels (OSV) and the Subsea Construction (SC) services). The company was incorporated as a public limited company in 1995 and it is part of

Ananda Krishnan Tatparanandam Ananda Krishnan (1 April 1938 – 28 November 2024), also known by the initialism A. K., was a Malaysian entrepreneur who was a founder and chairperson of Usaha Tegas and founder of Yu Cai Foundation (YCF). At the time of ...

's Usaha Tegas group. Its shares are listed on the Main Market of Bursa Malaysia Securities Berhad.

History

Bumi Armada was incorporated in 1995 and first went public in 1997. It became the first Malaysian company to own and operate a floating production storage and offloading (FPSO) vessel with the commissioning of Armada Perkasa in 1997. Armada Perkasa was originally a 1975

Panamax Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". ...

-sized tanker with a storage capacity of 360,000 barrels of crude oil which was converted to service the Bunga Kekwa field. It subsequently acquired five more FPSOs—Armada Perdana (2009) (ex Biruința oil tanker), Armada TGT1 (2011), Armada Sterling (2012), Armada Claire (2014), and Armada Sterling II (2014). It was acquired by

in 2002 and taken private the following year. In 2011, the company was re-listed in Malaysia's biggest

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

of that year, raising RM2.66 billion (US$889 million).

Operations

Floating production storage and offloading

Bumi Armada operates six FPSOs while four are in the process of being commissioned as of August 2015. Armada Perkasa has been operating in the Okoro-Setu field in Nigeria since 2008 for Afren and has lifted over 32 million barrels of oil as of 2013. It was previously deployed in the Bunga Kekwa field off the coast of Malaysia and Vietnam, and in the Baram field, off

Sarawak Sarawak ( , ) is a States and federal territories of Malaysia, state of Malaysia. It is the largest among the 13 states, with an area almost equal to that of Peninsular Malaysia. Sarawak is located in East Malaysia in northwest Borneo, and is ...

. Armada Perdana was deployed in the Oyo field in Nigeria, currently operated by

CAMAC Energy Erin Energy Corporation () is a United States based company involved in exploration, development and production of oil and gas. It was formerly known as CAMAC Energy. Its principal assets are in Africa comprising nine licenses across 4 countries, ...

, in 2008. Armada TGT1 was deployed in the Te Giac Trang field in Vietnam, operated by Hoang Long Joint Operating Company (HLJOC), in 2011. Bumi Armada's fourth vessel, the Armada Sterling, was deployed in the D1 field, off

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, for

Oil and Natural Gas Corporation The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic pro ...

(ONGC) in 2012. The fifth vessel, Armada Claire, was deployed in Australia's north-western Balnaves field, operated in

Apache The Apache ( ) are several Southern Athabaskan language-speaking peoples of the Southwestern United States, Southwest, the Southern Plains and Northern Mexico. They are linguistically related to the Navajo. They migrated from the Athabascan ho ...

, in 2014. The Armada Sterling II was deployed in the C-7 field off Mumbai for ONGC in 2015. The Armada Kraken is expected to be deployed in the

North Sea The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Se ...

Kraken field operated by

EnQuest EnQuest plc is an independent United Kingdom-based petroleum exploration and production company which operates mainly in the United Kingdom Continental Shelf. EnQuest shares are included on the main list of the London Stock Exchange and the firm ...

. Bumi Armada has also secured contracts with

Husky Husky is a general term for a type of dog used in the polar regions, primarily and specifically for work as sled dogs. It refers to a traditional northern type, notable for its cold-weather tolerance and overall hardiness. Modern racing huskies ...

CNOOC China National Offshore Oil Corporation, or CNOOC Group (), is the third-largest national oil company in China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). The CNOOC Group focuses on the exploita ...

in the Madura BD field in Indonesia,

Eni Eni is an Italian oil and gas corporation. Eni or ENI may refer to: Businesses and organisations * Escuela Nacional de Inteligencia, the Argentine intelligence academy * Groupe des écoles nationales d’ingénieurs (Groupe ENI), a French engi ...

in the Block 15/06, East Hub field off Angola, and ElectroGas Malta in Malta.

Floating Gas Solutions (FLNG, FSRU/FSU)

The award of the Malta LNG FSU project in April 2015 marks the entry of Bumi Armada in the floating LNG segment. The project consists in the conversion of a first generation MOSS carrier of 125,000m3 storage capacity into a Floating Storage Unit to be permanently moored by a jetty near the Delimara power station. The unit will deliver LNG on a continuous basis, without dry-docking interruption and during the entire project life of 18 years, to an onshore regasification plant feeding natural gas to the 400 MW base load power station. Considering the relatively small gas send out required for a 400 MW power plant, the FSU conversion was found to be the most economical solution whilst ensuring the high degree of availability and reliability demanded by the operation of a base load plant.http://www.bumiarmada.com/350_351_121/Web/WebPage/FSRU-FSU/FSRU-FSU.html

Others

Bumi Armada's Offshore Support Vessel (OSV) unit has more than 40 vessels operating in various continents. The vessels include anchor handling towing support vessels, safety standby vessels, utility vessels, and accommodation workboats/work barges.

References

External links

* {{Finance links , name=Bumi Armada Berhad , symbol=BUAB.KL 1995 establishments in Malaysia Oil and gas companies of Malaysia Energy companies established in 1995 Companies based in Kuala Lumpur Companies listed on Bursa Malaysia