Petroleum Africa
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Wednesday, December 18, 2013
Afren extended the contract for the bareboat charter and the operations and maintenance of the FPSO Armada Perkasa for another two years, with effect from July 1, 2014. The contract extension for the Armada Perkasa, which has been operating offshore Nigeria in the Okoro-Setu field, is estimated at approximately $68 million.
Hassan Basma, executive director and CEO of Bumi Armada said “Our Armada Perkasa, has been operating for Afren since 2008 with more than 98% uptime. These two-year contract extensions by Afren are for the second and third optional extension years and underscore the quality of the asset and the operations and maintenance services provided by BAB Group.”
The Armada Perkasa FPSO has a production capacity of 27,000 bpd of liquids and storage capacity for 360,000 barrels. To date, the FPSO has lifted over 32 million barrels of oil.
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