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Malaysian Bumi Armada wins $134 million additional job from Lukoil

Bumi Armada won an additional contract from Lukoil.

Malaysian Bumi Armada wins $134 million additional job from Lukoil

Bumi Armada anounced on August 11, 2017, that the company has won an additional contract from Lukoil-Nizhnevolzhskneft for supplementary work at the Vladimir Filanovsky oil and gas field in the Caspian Sea.

The Malaysian contractor will lay around 20 kilometres of subsea pipeline, the engineering, procurement, construction and installation deal will be completed in the 2nd half of 2018.

The additional scope will involve the company’s marine spread to lay subsea pipelines and undertake post trenching and back-filling works on sections of the Filanovsky field.

The works on the 20 km of various pipelines will involve the Armada Installer and Armada Constructor vessels.

In 2013 Bumi Armada was given a contract to provide 3 ice-class vessels to service offshore platforms in the Filanovsky field.

That contract also came with options for extensions of up to 20 years, estimated to be worth $483 million.

Commenting on the latest win, Bumi Armada CEO Leon Harland said: «Bumi Armada has been working with Lukoil in the Caspian since 2012 and this supplemental agreement highlights the continuing strong working relationship with our client, and our proven track-record to deliver high quality subsea construction services in the Caspian Sea

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