Bumi Armada wins Caspian Sea charter job

KUALA LUMPUR: Bumi Armada Bhd's subsidiary, Armada Marine Contractors
Caspian Pte Ltd, has been awarded a charter contract to lay about 15km
of various sized pipelines in the Caspian Sea, off Turkmenistan.

The
offshore oilfield services provider in a statement here today said, the
contract is for a period of 30 days, from May or early June with an
extension period of a further 15 days.

Its Executive
Director/Chief Executive Officer Hassan Basma said the award together
with the recent of OOO Lukoil-Nizhnevolzhskneft contract, brought the
firm's order book to over RM7 billion.

"Our Armada installer with
its newly installed 825 tonne crane, is one of the two derrick pipelay
barges in the landlocked Caspian Sea, and we are optimistic of growth in
the region," he added.

Citing the International Energy Agency
(IEA), he said the Caspian region has ample oil and gas reserves and
exports from it could more than double over the next 25 years. --
BERNAMA