Bumi Armada Signs RM1.46b FPSO Contract with Apache Energy Ltd

30 September 2011 – Malaysia-based international company, Bumi Armada Berhad, signed today a contract to supply and operate an FPSO for Apache Energy Ltd (Apache), to be located in block. WA-49-L of the Balnaves Field, north-west Australia The contract is for an initial 4 years fixed term time charter with an option of a further four year annual extension period thereafter. The contract, valued at approximately RM1.46 bil is expected to contribute positively to the revenue and earnings of Bumi Armada for the financial year ending 31 December 2011.