Bumi Armada confirms new round of investment

Vessel & ROV News - June 22, 2012

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Bumi Armada in Malaysia has launched what it called its ‘Steel on Water 2’ newbuild programme, and has issued a letter of intent (LOI) for four multipurpose platform support vessels (MPSVs) to shipbuilder Nam Cheong Dockyard.

The LOI also includes an option to build four additional units, and follows the ‘Steel on Water 1’ newbuilding programme, which was completed in 2010.

The LOI issued by Bumi Armada to Nam Cheong Dockyard is for the construction of a quartet of diesel-electric MPSVs with dynamic positioning to DP2 standard. The vessels will also have ‘Clean Design’ and ‘Comfort Class’ notation and will have a 100 tonne crane, helideck, remotely operated vehicle, and a moonpool.

The four MPSVs will cost approximately US$130 million (excluding owner-furnished equipment) and are due to be delivered in the second quarter of 2014.

Bumi Armada’s executive director and CEO, Hassan Basma, said the offshore support vessel (OSV) sector is “highly competitive”  and  it  is  critical  to  have  the right balance  of  capability  and capacity to compete in the market in Asia, and in West Africa and Latin America.

“These four vessels are part of our OSV expansion programme, that will spearhead the development of a greener, cleaner, safer and more efficient fleet,” he said, noting that, with increased safety and operational requirements post-Macondo, there is a corresponding growth in demand for larger, safer, and more fuel-efficient and technically more sophisticated deepwater vessels.

“This newbuild programme complements our recent acquisition of deepwater vessels, Armada Tuah 107 and 108,” he said. “We will continue to look at a combination of buying and building vessels to expand and optimize our deepwater OSV fleet. 

“Our strategy is to ensure that we have the right vessels, in order to provide the best possible service to meet our customers’ requirements as exploration and production moves further from shore into deeper, harsher waters.”

All four MPSVs will be 88.8m in length with a deadweight of 4,500 tonnes. They will be able to transport a range of cargo types, including fresh water, diesel, bulk cement, liquid mud and drilling chemicals and equipment, plus personnel, and will also be capable of oil recovery and of undertaking safety standby/rescue work. In addition, each vessel will have accommodation for a total of 60 personnel on board.

The quartet of MPSVs will complement the company’s fleet of more than 40 OSVs and will provide Bumi Armada with some of the most sophisticated PSVs in the region.

 

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