Bumi Armada FPSO charter extended by ONGC


Bumi Armada will be receiving an extension of a charter contract for its Armada Sterling FPSO from India’s ONGC.

Bumi Armada said on Wednesday that its jointly controlled entity, Shapoorji Pallonji Bumi Armada Offshore Private Limited (SPBAOPL), had received notification from Oil and Natural Gas Corporation (ONGC) of India about its intention to extend the charter hire of the Armada Sterling FPSO from 20 April 2020.

According to ONGC, approval for the formalisation of the contract extension has been delayed due to the COVID-19 lockdown in India.



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