Bumi Armada Secures Letter of Interim Agreement for Its First North Sea FPSO Contract

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced today that EnQuest Heather Limited together with EnQuest ENS Limited, First Oil and Gas Limited, Nautical Petroleum Limited and Nautical Petroleum AG have via a Letter of Interim Agreement (“LOIA”), confirmed their intention to award a contract for the supply and operations of a floating production, storage and offloading vessel (“FPSO”) to, Bumi Armada UK Limited, a wholly-owned subsidiary of Bumi Armada, to operate in the Kraken field (UKCS Block 9/02b) in the UK sector of the North Sea. Kraken is one of the largest current development projects in the UK North Sea with an anticipated production life of up to 25 years.