Bumi Armada Receives Letter of Intent for an FPSO from eni for Block 15/06, Angola

31 Mar 2014 – Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad (“Bumi Armada”) has received a Letter of Intent (“LOI”) from eni Angola S.p.A (“eni Angola”), a wholly-owned subsidiary of eni S.p.A. the Italian multinational oil and gas company, wherein eni Angola has stated its intention to award a contract for the chartering, operation and maintenance of a floating production, storage and offloading vessel (“FPSO”) (the “Contract”), to a consortium of Bumi Armada Offshore Holdings Limited (BAOHL, a wholly-owned subsidiary of Bumi Armada) and Angoil Bumi JV Limitada (ABJL*) for deployment at Block 15/06, East Hub located offshore Angola.