Bumi Armada, LUKOIL signs USD134M contract

Bumi Armada Berhad’s, wholly owned subsidiary Bumi Armada Caspian LLC has signed a supplementary agreement with LUKOIL-Nizhnevolzhskneft LLC Supplementary Agreement for additional Engineering, Procurement, Construction and Installation (EPCI) scope. The additional scope will involve Bumi Armada’s Subsea Construction assets to lay subsea pipelines and undertake post trenching and back-filling works on sections of the Filanovsky field in the Russian sector of the Caspian Sea. The works are expected to be completed in the second half of 2018 and the total contract value is USD 134M.

The LUKOIL team will use both the Armada Installer and Armada Constructor vessels during the project. The project preparation activities have been started and completion of the scope is expected before the end of 2018.

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