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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.

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.

"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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