Bumi Armada Bhd, an oilfield company that provides marine logistic, engineering and maintenance services, is looking to sell its Perdana FPSO to Century Energy Services Limited (CESL) for USD 40 Million.
According to its Bursa Malaysia announcement dated 6th September 2019, Armada OYO Limited (AOL), a wholly-owned subsidiary of Bumi Armada, has entered into an agreement with Century Energy Services Limited (CESL) for the sale of Armada Perdana FPSO. CESL plans to redeploy the vessel to another field in Nigeria.
In 2017, Armada Perdana bareboat charter (“BBC) and operations and maintenance (“O&M”) with Erin Energy has been suspended due to longstanding delays in BBC payment due to Bumi Armada and irregular payments on the O&M contract.
Source:
[1] Bursa Malaysia : http://www.bursamalaysia.com/market/listed-companies/company-announcements/6277713 [2] Bumi Armada: https://www.bumiarmada.com/App_File/Image/assets/BUMI%20ARMADA%20SELLS%20ARMADA%20PERDANA%20FPSO.pdf [3] The Edge : https://www.theedgemarkets.com/article/bumi-armada-sells-nonutilised-armada-perdana-fpso-us40m
