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Smooth sailing for Bumi Armada in rough seas

It has firm, long-term contracts and an orderbook backlog that lasts until 2047.
Monday, November 3, 2014 - 05:50

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Armada Perkasa, one of Bumi Armada's FPSOs, has been operating off Nigeria in the Okoro-Setu field. The offshore oilfield services firm has nine FPSO projects including three under construction.

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"We are not looking at anything per se but it makes sense that with our firepower, if there are any distressed assets, we may take a look. The M&A (merger and acquisition) has to make sense." - Mr Hassan (above) on the company's RM2 billion war chest

RESILIENCE may best describe Malaysian-listed Bumi Armada, an offshore oilfield services firm with a presence in 19 countries and controlled by the country's second richest man T Ananda Krishnan.

International oil prices have plunged by 30 per cent since June. Two places where Bumi Armada

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