Bumi Armada wins $134m EPCI contract in Caspian Sea
Bumi Armada Caspian has secured a contract valued at nearly $134m with Lukoil-Nizhnevolzhskneft to provide additional engineering, procurement, construction and installation (EPCI) services at Filanovsky field in the Caspian Sea.
Bumi Armada Caspian is a wholly owned subsidiary of Malaysia-based Bumi Armada Berhad.
The deal will see Bumi Armada’s subsea construction assets lay subsea pipelines and carry out post-trenching and back-filling works on sections of the Filanovsky field towards the Russian sector of the Caspian Sea.
Bumi Armada executive director and CEO Leon Harland said: “Bumi Armada has been working with LUKOIL in the Caspian since 2012 and this supplemental agreement highlights the continuing strong working relationship with our client, and our proven track-record to deliver high quality Subsea construction services in the Caspian Sea.
“The work involved in this additional contract with LUKOIL relates to the installation of approximately 20km of pipelines in the Filanovsky field in the Russian sector of the Caspian Sea, and where our team will use both the Armada Installer and Armada Constructor vessels.”
Harland noted that the preparation activities related to the development have already started, and the project is scheduled to be completed in the second half of next year.
Bumi Armada Berhad provides offshore energy services through its two business units, Floating Production and Operation (FPO) of oil and gas solutions and Offshore Marine Services (OMS).
The company currently operates in 17 countries across five continents.