MALAYSIAN offshore oilfield services provider Bumi Armada will supply a Floating, Production, Storage and Offloading (FPSO) vessel to the joint venture developing the Madura BD field.
Bumi will supply the FPSO to Husky-CNOOC Madura under a ten-year contract worth US$1.18 billion.
It will have five options to extend the relationship by one year, with the extensions worth an aggregate value of US$147 million, under a letter of intent.
Madura BD, located about 65 kilometres east of Surabaya and about 16 kilometres south of Madura Island, is one of three blocks being developed by Husky and CNOOC as part of the Madura Strait Production Sharing Contract.
Bumi subsidiary Bumi Armada Offshore will build the FPSO with its joint venture partner PT Armada Gema Nusantara, itself a joint venture between BAOHL and PT Gema Marine Services.