• BIST 1.134
  • Altın 471,237
  • Dolar 7,7614
  • Euro 9,0867
  • İstanbul 22 °C
  • Ankara 19 °C

India’s ONGC to extend charter for Bumi Armada FPSO

India’s ONGC to extend charter for Bumi Armada FPSO
Malaysian FPSO operator 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. In the meantime, ONGC has requested SPBAOPL to process the case with relevant authorities for obtaining permits/ extension to ensure continuity of operations at the site.

Under the original contract signed on 10 August 2011, Armada Sterling FPSO was chartered by ONGC to operate in the ONGC D1 field located 200km off the west coast of Mumbai, India under a seven-year firm time charter, with six annual extension options.

The original seven-year firm charter expires on 19 April 2020.

SPBAOPL is a 49% less 1 share: 51% plus 1 share joint venture between Bumi Armada and Shapoorji Pallonji Oil and Gas Private Limited of India.

 

TURKISH MARITIME NEWS

 
This news is a total 313 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |