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Type | Public limited company |
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MYX: 5210 | |
Industry | Oilfield services |
Founded | 1995 |
Headquarters | Menara Perak , 24 Jalan Perak, Kuala Lumpur Malaysia |
Key people |
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Services | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Parent | Usaha Tegas Sdn Bhd (34.9%) [1] |
Website | www |
Bumi Armada Berhad is an oilfield services company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in Kuala Lumpur, Malaysia, and has operations in Southeast Asia, South Asia, West Africa, Central Africa, Europe, South America and the Caspian Sea region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels. [2]
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's Usaha Tegas group. Its shares are listed on the Main Market of Bursa Malaysia Securities Berhad.
Bumi Armada was incorporated in 1995 and first went public in 1997. [3] [4] 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. [4] Armada Perkasa was originally a 1975 Panamax-sized tanker with a storage capacity of 360,000 barrels of crude oil which was converted to service the Bunga Kekwa field. [4]
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). [4] [5]
It was acquired by Ananda Krishnan in 2002 and taken private the following year. [6] In 2011, the company was re-listed in Malaysia's biggest initial public offering of that year, raising RM2.66 billion (US$889 million). [6] [7]
Bumi Armada operates six FPSOs while four are in the process of being commissioned as of August 2015. [8]
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. [9] It was previously deployed in the Bunga Kekwa field off the coast of Malaysia and Vietnam, and in the Baram field, off Sarawak. [10]
Armada Perdana was deployed in the Oyo field in Nigeria, currently operated by CAMAC Energy, in 2008. [11] Armada TGT1 was deployed in the Te Giac Trang field in Vietnam, operated by Hoang Long Joint Operating Company (HLJOC), in 2011. [12] Bumi Armada's fourth vessel, the Armada Sterling, was deployed in the D1 field, off Mumbai, for Oil and Natural Gas Corporation (ONGC) in 2012. [13] The fifth vessel, Armada Claire, was deployed in Australia's north-western Balnaves field, operated in Apache, in 2014. [14] The Armada Sterling II was deployed in the C-7 field off Mumbai for ONGC in 2015. [15]
The Armada Kraken is expected to be deployed in the North Sea Kraken field operated by EnQuest. [16]
Bumi Armada has also secured contracts with Husky-CNOOC in the Madura BD field in Indonesia, [17] Eni in the Block 15/06, East Hub field off Angola, [18] and ElectroGas Malta in Malta. [19]
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. [20]
Bumi Armada's Offshore Support Vessel (OSV) unit has more than 40 vessels operating in various continents. [6] The vessels include anchor handling towing support vessels, safety standby vessels, utility vessels, and accommodation workboats/work barges. [21]
An oil platform, offshore platform, or offshore drilling rig is a large structure with facilities for well drilling to explore, extract, store, and process petroleum and natural gas that lies in rock formations beneath the seabed. Many oil platforms will also contain facilities to accommodate their workforce. Most commonly, oil platforms engage in activities on the continental shelf, though they can also be used in lakes, inshore waters, and inland seas. Depending on the circumstances, the platform may be fixed to the ocean floor, consist of an artificial island, or float. Remote subsea wells may also be connected to a platform by flow lines and by umbilical connections. These sub-sea solutions may consist of one or more subsea wells or of one or more manifold centres for multiple wells.
A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline. FPSOs are preferred in frontier offshore regions as they are easy to install, and do not require a local pipeline infrastructure to export oil. FPSOs can be a conversion of an oil tanker or can be a vessel built specially for the application. A vessel used only to store oil is referred to as a floating storage and offloading (FSO) vessel.
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Petroliam Nasional Berhad, commonly known as Petronas, is a Malaysian oil and gas company. Established in 1974 and wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Petronas is ranked among Fortune Global 500's largest corporations in the world. In the 2017 Forbes Global 2000, Petronas Gas was ranked as the 1881st largest public company in the world. Petronas also ranked 48th globally in 2020 Bentley Infrastructure 500.
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BW Offshore Limited is a global owner and operator of floating production storage and offloading (FPSO) vessels. The company is listed on Oslo Stock Exchange. The company has its headquarters in Singapore and Oslo, Norway but operates internationally. The largest owner is BW Group Limited with 49.3% of the shares.
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The Bonga Field is an oilfield in Nigeria. It was located in License block OPL 212 off the Nigerian coast, which was renamed OML 118 in February 2000. The field covers approximately 60 km2 in an average water depth of 1,000 metres (3,300 ft). The field was discovered in 1996, with government approval for its development given in 2002. The field began first production in November 2005. The field is worked via an FPSO vessel. The field produces both petroleum and natural gas; the petroleum is offloaded to tankers while the gas is piped back to Nigeria where it is exported via an LNG plant. The field contains approximately 6,000 mm barrels of oil.
MISC Berhad was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005, Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petroliam Nasional Berhad (Petronas), the national oil conglomerate of Malaysia. The principal business of the Corporation consist of Ship owning, Ship operating, Other shipping related activities, Owning and operating of offshore floating facilities as well as Marine repair, Marine conversion and Engineering & Construction works. With a fleet of more than 120 vessels and a combined tonnage of more than 13,000,000 DWT.
The Schiehallion oilfield is a deepwater offshore oilfield approximately 175 kilometres (110 mi) west of the Shetland Islands in the North Atlantic Ocean. The Schiehallion and adjacent Loyal field were jointly developed by BP on behalf of the Schiehallion field partners; BP, Shell, Amerada Hess, Murphy Oil, Statoil and OMV, and the Loyal field partners; BP and Shell.
Foinaven oil field is deepwater oil development approximately 190 kilometres (120 mi) west of the Shetland Islands. Together with Schiehallion, Loyal, Solan, Clair and Lancaster fields it forms the area generally termed as the West of Shetland.
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Usaha Tegas Sdn Bhd is a Malaysian investment holding company led by billionaire Ananda Krishnan. Its principal investments include telecommunications, media, property, and oil & gas companies. Through itself or its subsidiaries, it holds significant interests in the public-listed entities Maxis Berhad, Astro Holdings Sdn Bhd, and Bumi Armada Berhad.
The Ichthys gas field is a natural gas field located in the Timor Sea, off the northwestern coast of Australia. The field is located 220 km offshore Western Australia and 820 km southwest of Darwin, with an average water depth of approximately 250 metres. It was discovered in 2000 and developed by Inpex in partnership with Total, Tokyo Gas, Osaka Gas, Chubu Electric Power, Toho Gas, Kansai Electric Power and CPC.
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