Bumi Armada Signs 7 Year FPSO Contract with ONGC

10 August 2011 – Bumi Armada Berhad’s joint venture company, Forbes Bumi Armada Offshore Limited (FBAOL), signed a seven (7) year fixed term time charter (TC) with Oil and Natural Gas Corporation Limited (ONGC) for the provision of a Floating, Production, Storage and Offloading vessel (FPSO) which will be located in the D1 field, 200 km offthe west coast of Mumbai, in India. The time charter provides for a further 6 years annual extension periods at ONGC’s discretion.